Bitcoin Rsi Hints At $105k BTC Price Rebound As Bull Signals Multiply - Full Analysis
Bitcoin RSI flipped bullish on several timeframes, leading one trader to a $105,000 BTC price target within "three to four weeks."
Bitcoin (BTC) can hit $105,000 within weeks as a classic leading indicator stays bullish, says the latest market analysis.
Bitcoin is enjoying bullish RSI signals on multiple timeframes as price action consolidates.
A weekly RSI breakout occurred in December and continues to hold.
Concerns about BTC price strength remain as traders still see new lows to come.
In an X post on Thursday, trader BitBull noted an ongoing breakout on Bitcoin’s weekly relative strength index (RSI).
While BTC price action stays rangebound, an important RSI trend shift has in fact already been in play since December.
A downtrend on the indicator, which measures how “overbought” or “oversold” BTC/USD is at a given level, began in September, with price breaking through it before the 2025 yearly candle close.
“$BTC weekly RSI is calling for more upside here. Broke out of its 3-month downtrend and holding above the breakout line,” BitBull commented.
An accompanying chart compared the latest breakout with one from earlier last year, which resulted in several months of BTC price gains after April’s local lows of $75,000.
Source: CoinTelegraph
