- Bitcoin’s RSI reveals the possibility of a bullish reversal of around $75,000.
- Following the bullish release, Bitcoin’s price could rise by 30%.
- Breakout resistance levels are above about $100,000.
Bitcoin’s relative strength index (RSI) shows signs of potential bullish divergence, indicating that the coin may be prepared for a sudden upward movement. The RSI is currently at 44.74, which is relatively low, so Bitcoin may be oversold. Historically, every time the RSI fell to such a low level, it served as a prelude to price reversal, as evidenced in previous cycles.
#BTC Weekly has the opportunity to give you a weekly bullish vent at upcoming weekly incest: pic.twitter.com/ifwzezudiq
– Matthew Hyland (@matthewhyland_) March 15, 2025
Bitcoin’s weekly charts continue to produce low priced prices, offset by using RSI to weaken the momentum shown. This difference could signal an upward prism of price movement as the market normalizes and buyers begin to intervene. Bitcon’s RSI recovery could lead to strong bullish thrusts and bring the price back into the $100,000 range.
Divergence suggests reversal
In recent years, signs of RSI divergence in Bitcoin have shown potential for a reversal. Previous low RSI measurements for 2020 and 2021 saw the turning points of Bitcoin prices rise, and then cryptocurrencies began a rising rally. Therefore, if the major resistance level is violated by the price of Bitcoin, and at the same time RSI is raised, the market will be ready for a major gathering in the next few weeks.
The current setup of Bitcoin weekly charts shows that cryptocurrency is currently moving sideways and could break out soon. Traders look carefully at the RSI and tell you when bullish divergence is confirmed and that Bitcoin is ready for the next higher movement.
What to expect in the next few weeks
The future of Bitcoin will depend on whether or not a bullish divergence is confirmed and cryptocurrency breaks key resistance levels. If RSI continues towards highs and prices continue, Bitcoin can see a comeback towards old highs in terms of price. For now, we’ll wait in the crypto market to see if this bullish divergence plays and give traders the opportunity to dive into a breakout.
