Analyst and trader Kevin Svenson leans Bullish on Bitcoin (BTC) in the midst of a collection of more than 10% by the Crypto king since the low reached in 2025 earlier this month.
In a new strategy session, Svenson tells Are 82,800 YouTube subscribers that Bitcoin looks Bullish after the Relative Strength Index (RSI) indicator from a downward trend is broken on the weekly period of the Crypto King.
The RSI is a momentumoscillator that is used to determine over -sold and overbought conditions.
“Bitcoin has now seen a weekly RSI -Breakout. This is one of the most bullish signals that we have seen in the past, well, actually. Every time Bitcoin gets one of these weekly RSI -Downtrend -Breakouts, we see humongous swings to the upside.”
According to Svenson, Bitcoin could witness a bullish period that could last in the third quarter of this year if history repeats itself.
“And usually if you do a count [of the weekly RSI breakouts in Bitcoin’s history]These runs usually last around 12 to 14 weeks … which land us in July in July … or early August. So that means we have several months … at the end of July. This means the rest of April, May, June, July to see an Uptrend form for Bitcoin. “
The analyst says that Bitcoin will probably act a range in the short term at around $ 91,000 and $ 96,000 before he goes higher.
“Bitcoin has made a bullish pivot, we are above the downward line …
… we have made considerable progress over the past two days and there is room for more upside down. We are also against a resistance, so we probably get a lot of heel in this zone instead of just expecting straight lines. “
Bitcoin acts at $ 93,837 at the time of writing.
https://www.youtube.com/watch?v=letiag1uk0i
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