Bitcoin’s Breakout Signals Potential Market Reversal: Analyst

Cryptocurrency analyst Kevin Svenson believes a key indicator suggests a significant shift in the Bitcoin price trajectory, potentially ending a prolonged bearish trend. Svenson highlights a notable breakout in the weekly Relative Strength Index (RSI) for Bitcoin as evidence of this potential market reversal. This technical signal may mark the end of the downtrend witnessed in the cryptocurrency market, including Bitcoin, and could open the door to an upcoming altcoin season.