Top Analyst See Bitcoin’s Daily RSI Breaks Out, Signals 15-20% Rally

The post Top Analyst See Bitcoin’s Daily RSI Breaks Out, Signals 15-20% Rally appeared first on Coinpedia Fintech News

Renowned crypto analyst Captain Faibik has hinted at a significant development in the Bitcoin market, sparking curiosity among investors. Faibik’s recent tweet suggests that Bitcoin’s daily Relative Strength Index (RSI) has broken out of a falling wedge pattern, signaling a potential bullish rally of 15-20%.

According to Faibik’s analysis, Bitcoin’s daily RSI has broken out of a falling wedge pattern, indicating a shift in market sentiment. This breakout is seen as a bullish signal, suggesting that Bitcoin could be poised for a substantial price increase in the near term.

$BTC Daily RSI has broken out of a falling wedge Pattern, indicating Bitcoin is Ready for a 15-20% Bullish Rally.