Bitcoin Flashing ‘Very Bullish Signal’ Right Now, According to Analyst Kevin Svenson – Here’s His Target

Description

Cryptocurrency analyst and trader Kevin Svenson is saying one indicator is signaling major momentum for Bitcoin ( BTC ). Svenson tells his 83,500 YouTube subscribers that the relative strength index (RSI), a momentum oscillator used to determine overbought or oversold conditions, is flashing a signal on the daily time frame that has previously preceded massive rallies such as in October of 2023, February of 2024 and November of 2024. “Bitcoin’s daily RSI is attempting to bounce off of the overbo...