Currently, Bitcoin shows signs of a strong bullish trend thanks to a successful breakout and significant changes in RSI, which may lead to further price increases.
Confirmation of Bullish Momentum
Bitcoin, currently at $84,485, has broken through the consolidation zone and is showing strong upward momentum, opening paths to a potential target of $137,129. Since mid-December 2024, Bitcoin has been consolidating following a sharp rise from $26,000 in early October, characterized by a classic bullish flag pattern with converging trendlines.
RSI Signals Trend Reversal
In addition to the breakout, the weekly RSI has also triggered a bullish signal. In early April 2025, it broke through its descending trendline at the 42 level. This movement preceded similar breakouts in 2023 and 2024, which typically led to strong price surges.
Strengthening Bullish Sentiment
With both daily and weekly timeframes aligning, Bitcoin's technical setup appears robust. No reversal signals have emerged within the consolidation area, maintaining a high probability of a sustained rally, emphasizing the potential for reaching new all-time highs.
Current technical signals and indicators support the hope for continued Bitcoin growth. Close attention should be paid to developments over the coming months, as they may influence market dynamics.
