CandleFocus Bitcoin Flashing Bullish Signal That Previously Triggered Huge Run, Says Crypto Analyst – Here’s His Outlook
2024-10-17
Author: Content Editor
Crypto analyst and trader Kevin Svenson believes that Bitcoin is entering an expansionary phase, as the Relative Strength Index (RSI) is flashing a bullish signal on the weekly time frame. Svenson predicts that this expansion phase could last anywhere from six months to a year, potentially leading to a new all-time high for Bitcoin. He is bullish on the market, noting that previous bull markets in Bitcoin have often coincided with the US general election season. At the time of writing, Bitcoin is trading at $67,686, up around 15% from its recent low.
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