Bitcoin Set for Major RSI Breakout at $85K – Bull Run Incoming? 🚀

$BTC is flirting with the $85,000 level, but something big is brewing beneath the surface. Analysts are spotting a crucial trend shift, and if history repeats itself, BTC could be on the verge of a massive breakout. Here’s what you need to know:

Bitcoin’s Price Action: Holding Strong at $85K 💪

• BTC hit $85,120 over the weekend, pushing higher alongside major altcoins.

• Traders are watching CME Group’s Bitcoin futures close, which could set the tone for the next major move.

• Market sentiment is shifting bullish, with many expecting a surge before the monthly close.

Key RSI Breakout: The First in 6 Months 📈

• The Relative Strength Index (RSI) is flashing a major signal.

• Analyst Rekt Capital notes Bitcoin’s RSI is retesting a downtrend from November 2024 as new support—a sign of potential breakout.

• Matthew Hyland highlights BTC’s first bullish RSI divergence on the weekly chart since September—historically, this has led to massive price increases.

Bull Market Still Intact – Just a Short-Term Dip? 🤔

• Some traders panicked when BTC dipped to $76K earlier this month.

• Stockmoney Lizards dismisses bear market fears, stating that Bitcoin remains inside its long-term bullish trend channel.

• This correction may be necessary before the next leg up.

How Long Until the Next Pump? ⏳

• While the breakout setup is forming, a pump might not happen instantly.

• Macroeconomic factors, news, and sentiment shifts will play a role in determining when Bitcoin breaks out.

• Best estimate? A couple of weeks before we see fireworks.

Final Thoughts: Get Ready for a Potential BTC Explosion 🚀🔥

Bitcoin is flashing bullish signals on multiple timeframes, and the RSI breakout setup is a game-changer. If history is any guide, Bitcoin could be gearing up for a major rally.

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💬 What’s your BTC price prediction for April? Drop your thoughts below! 👇