Bitcoin Bull Run On the Horizon: Weekly RSI Points to Significant Price Upward Movement

Crypto analyst Kevin Svenson believes a major bullish breakout for Bitcoin is imminent, based on analysis of the weekly Relative Strength Index (RSI). His prediction suggests that a break above a long-standing resistance trendline dating back to January could signal a significant price rally. He highlights the RSI’s historical accuracy in predicting major BTC price increases. Svenson shared his analysis through Twitter and believes this breakout, if confirmed by the close of the upcoming weekly candle, would be a strong indicator for continued upward momentum.