$BTC Bitcoin's Weekly RSI Signals Potential Trend Shift
Bitcoin's weekly Relative Strength Index (RSI) has broken its trendline, fueling optimism for a potential major breakout. After weeks of downward price action, BTC has found stability in the low $80,000 range.
Analysts' Predictions
- *Titan of Crypto*: Suggests a potential breakout, with BTC possibly climbing to $130,000 if it mirrors previous price behavior following RSI breakouts.
- *RookieXBT*: Points out a falling wedge pattern on the 12-hour chart, which could drive BTC's price to around $140,575.
- *Ali Martinez*: Warns of a potential rising wedge pattern, which could lead to downside pressure and a fall back to the $79,000 support level.
Current Market Situation
BTC trades at $85,577, up 1.9% in the past 24 hours. Macroeconomic tensions and a recent "death cross" signal may still impact the market.