Analyst and trader Kevin Svenson is saying that a historically accurate signal is once again flashing bullish for Bitcoin (BTC).
A zoomed-out view of Bitcoin's weekly price chart, with the RSI indicator plotted at the bottom. The RSI has just broken out of a resistance level, indicating that Bitcoin is likely to continue rallying in the coming weeks or months.
A close-up view of Bitcoin's weekly price chart, showing the RSI indicator breaking out of a resistance level. This breakout is a bullish signal, indicating that Bitcoin is likely to continue rallying in the coming weeks or months.
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