Rally

2024

Bitcoin

Captain

Daily

<p>The post <a href="https://coinpedia.org/news/top-analyst-see-bitcoins-daily-rsi-breaks-out-signals-15-20-rally/">Top Analyst See Bitcoin’s Daily RSI Breaks Out, Signals 15-20% Rally</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned crypto analyst Captain Faibik has hinted at a significant development in the <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> 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 <a href="https://coinpedia.org/news/bitcoin-price-correction-completed-top-crypto-analyst-predicts-btc-rally-to-100k/">bullish rally of 15-20%</a>.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-rsi-breakout">Bitcoin’s RSI Breakout</h2> 
<p>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.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Daily RSI has broken out of a falling wedge Pattern, indicating Bitcoin is Ready for a 15-20% Bullish Rally. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://t.co/eWCYbxe2ob">pic.twitter.com/eWCYbxe2ob</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1782606159553126911?ref_src=twsrc%5Etfw">April 23, 2024</a>
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<p>Faibik’s tweet suggests that Bitcoin could experience a bullish rally of 15-20% following the RSI breakout. This bullish momentum could drive Bitcoin’s price higher in the coming days, potentially offering lucrative opportunities for traders and investors.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin Price Prediction 2024-2030: Will BTC Price Cross The $100K Milestone Post-Halving?</a></p> 
<h2 class="wp-block-heading" id="h-favorable-buying-opportunities">Favorable Buying Opportunities</h2> 
<p>Amidst the <a href="https://coinpedia.org/news/bitcoin-price-poise-for-major-breakout-top-analyst-aims-for-86k/">backdrop of increased volatility</a> in the cryptocurrency market, particularly noticeable in Bitcoin’s recent price fluctuations and shifts in market sentiment, the analysis of moving averages (MAs) offers valuable insights.&nbsp;</p> 
<p>Shorter spans, such as the exponential moving average (EMA) and simple moving average (SMA) over 10, 20, and 50 days, depict a predominantly bullish outlook, suggesting favorable buying opportunities.&nbsp;</p> 
<p>However, it’s essential to exercise caution, as bearish signals have been observed at the 20 and 50-day SMAs, indicating a nuanced approach amidst the overarching bullish sentiment.</p> 
<p>Read Also : <a href="https://coinpedia.org/price-analysis/bitcoin-accumulates-post-halving-heres-why-this-is-a-huge-bullish-signal/">Bitcoin Accumulates Post-Halving: Here’s Why This is a Huge Bullish Signal</a></p> 
<h2 class="wp-block-heading" id="h-bitcoin-price-action">Bitcoin Price Action</h2> 
<p>As of now bitcoin (BTC) is valued at $66,674, boasting a 24-hour trade volume of $19.6 billion and a market cap of $1.30 trillion.&nbsp;</p>

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

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