Bitcoin Weekly RSI Climbs Toward Upper Boundary – Will BTC Bulls Push Through?
2025-07-02 06:12:33
Main Idea
Bitcoin's weekly Relative Strength Index (RSI) is approaching upper trendlines, suggesting potential for a new all-time high, while analysts highlight bullish signals on monthly charts.
Key Points
1. Bitcoin's weekly RSI is steadily climbing toward the upper boundary, indicating potential for a new all-time high (ATH) near $140,000.
2. Analyst Titan of Crypto notes Bitcoin's strong trend with higher highs and higher lows, suggesting continued bullish momentum.
3. Rekt Capital observes a confirmed breakout from Bitcoin's monthly range, emphasizing the need for buy-side volume to sustain the uptrend.
4. Jelle highlights a bullish triangle structure on Bitcoin's chart but warns of possible short-term pullback due to demand fatigue.
5. Bitcoin is currently trading at $106,665, down 1% over the past 24 hours, but maintains bullish signals on longer timeframes.
Description
As Bitcoin (BTC) continues to grind through the $100,000 to $110,000 range, its weekly Relative Strength Index (RSI) is steadily climbing toward the upper trendline – fuelling hopes for a bullish breakout and the potential for a new all-time high (ATH) in the near term. Bitcoin RSI Pushing Toward Upper Trendline In an X post published today, seasoned crypto analyst Titan of Crypto remarked that Bitcoin “still has fuel in the tank.” The analyst shared the following BTC weekly chart, highlighting ...
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