Summary: Crypto analyst Kevin Svenson anticipates a bullish move for Bitcoin as the weekly Relative Strength Index (RSI) indicator suggests an upward trend for the flagship cryptocurrency. Svenson highlights that previous major uptrends in Bitcoin were marked by a weekly RSI breakout, so a similar breakout now could lead to a significant surge in price. He predicts a potential rally of up to 36% from the current level, with a target range of $124,000 to $134,000. Svenson also expects a subsequent correction before a further increase in price towards the end of the year. Currently, Bitcoin is trading at $98,797.



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