NewsBTC

15 April 2025

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Bitcoin Weekly RSI Breakout Indicates Potential Price Surge to $130,000

Bitcoin (BTC) is showing signs of a potential bullish reversal after weeks of decline. Key points include:

• The weekly Relative Strength Index (RSI) has broken its trendline, indicating possible price momentum shifts.
• BTC's price stabilized around $80,000 after dropping to $74,508 on April 6, losing over 10% in three months.
• Analyst Titan of Crypto noted the weekly RSI breaking above its long-standing trendline, which historically precedes major rallies.
• If BTC follows previous patterns post-RSI breakouts, it may rise to $130,000, setting a new all-time high.
• Another analyst, RookieXBT, identified a falling wedge pattern suggesting a breakout could push BTC to $140,575.

Contrastingly, Ali Martinez warns that a rising wedge pattern could indicate a bearish trend, potentially leading BTC back to $79,000. Additionally, macroeconomic factors like ongoing tariff disputes continue to pressure BTC. Currently, BTC trades at $85,577, up 1.9% in the past 24 hours.