Bitcoin Flashing Bullish Signal That Previously Triggered Huge Run, Says Crypto Analyst – Here’s His Outlook
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a rally that has seen Bitcoin go up by nearly 15% over the past six days.
Svenson tells his 80,000 YouTube subscribers in a new video that the Relative Strength Index (RSI) indicator, a momentum oscillator used for identifying oversold or overbought conditions, is flashing a bullish signal on the weekly time frame.
“…every time you get a major weekly RSI breakout, the trend usually becomes ultra bullish…
…the weekly RSI breakout led to a huge run and now Bitcoin once again has shown us that exact signal, a weekly RSI breakout. And that will likely lead to a huge run…”
According to Svenson, Bitcoin will be in an expansionary phase over the…
