Bitcoin Price Poised for Potential Surge to $105,000
- Crypto analyst Bitbull predicts Bitcoin could reach between $103,000 and $105,000 in the next three to four weeks.
- The prediction is based on a bullish signal from the Relative Strength Index (RSI) on Bitcoin’s weekly chart.
- As of now, Bitcoin’s price is around $90,600, marking an almost 1% decline in the past day but up by about 3% in early January.
The RSI indicator suggests potential for further upside in Bitcoin’s price after breaking above a downward trend line that persisted for three months. This technical analysis indicates a possible rally similar to past trends when RSI showed similar behavior.
If Bitcoin achieves Bitbull’s target range of $103,000 to $105,000, it would represent an approximately 15% increase from its current value of around $90,600. (Source)
