CandleFocus Bitcoin Close to Breakout as One ‘Reliable’ Signal Turns Bullish, Says Trader – Here Are His Targets
2025-02-14
Author: Content Editor
Analyst and trader Kevin Svenson believes that Bitcoin is poised for a bullish breakout based on the Relative Strength Index (RSI) indicator. Svenson points out that previous breakouts in the RSI have resulted in significant price increases for Bitcoin. He suggests that if a breakout occurs, Bitcoin could rise by up to 39% from its current level, potentially reaching $134,000. At the time of writing, Bitcoin is trading at $96,180.
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