Bitcoin Set for Bullish Trend as Key Indicators Confirm Breakout
- Crypto strategist Kevin Svenson reports Bitcoin’s weekly RSI confirms a bullish breakout.
- The RSI is a momentum indicator used to spot potential reversal points.
- Svenson notes that confirmed weekly RSI breakouts are reliable macro indicators.
- Bitcoin’s three-day chart shows positive signals from both RSI and MACD indicators.
- At the time of writing, Bitcoin is trading at $87,559.
According to Kevin Svenson, Bitcoin’s confirmed weekly RSI breakout suggests a bullish trend shift, with current trading prices at $87,559.
Source (2.6)https://dailyhodl.com/2025/04/22/analyst-says-reliable-macro-breakout-signal-for-bitcoin-confirmed-calls-for-btc-bullish-trend-shift/?rand=59076
