Bitcoin Approaches Confirmation of Bullish Reversal Signal
- Crypto analyst Kevin Svenson monitors Bitcoin’s weekly RSI for bullish reversal.
- Svenson notes Bitcoin’s RSI is breaking a diagonal resistance since January.
- Bitcoin must stay above the downtrend line this week to confirm breakout.
- At the time of writing, Bitcoin trades at $84,630.
- Svenson suggests an altcoin season will start when Ethereum enters bull territory, currently priced at $1,631.
According to analyst Kevin Svenson, Bitcoin is nearing a significant bullish reversal signal as its weekly RSI attempts to break long-standing resistance. At present, Bitcoin is valued at $84,630.
Source (2.6)https://dailyhodl.com/2025/04/15/bitcoin-five-days-away-from-confirming-reliable-macro-breakout-signal-says-analyst-kevin-svenson/?rand=59076
