Bitcoin Price Outlook: RSI Signals Hint at Potential Surge to $105,000
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Technical Indicator Shift: Bitcoin's relative strength index (RSI) shows bullish signals across multiple timeframes, with a sustained weekly breakout since December indicating a trend reversal that could propel prices to between $103,000 and $105,000 within three to four weeks.
- Active Market Buying: US traders are actively buying around $91,500, providing support despite selling pressure, which reflects market confidence in a price rebound while also indicating resistance at higher levels.
- Short-Term Technical Signals: The four-hour chart reveals a potential hidden bullish divergence, where the RSI forms lower lows while the price maintains higher lows, suggesting weakening selling pressure and supporting the possibility of establishing a robust support zone at $90,000 for future gains.
- Cautious Market Sentiment: Despite the technical optimism, some analysts caution that Bitcoin may revisit lower support levels near $75,000, especially if resistance remains formidable, urging market participants to stay vigilant against short-term volatility and price pressures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
