According to Mars Finance, data shows that Bitcoin's weekly Relative Strength Index (RSI) is continuously breaking through resistance levels. This indicator measures the degree of "overbought" or "oversold" status of BTC/USD at a specific level. Its downtrend began in 2025, and it has now broken through the 3-month downtrend line and held above it, indicating increasing bullish signals. Based on the trend analysis, the price of Bitcoin may reach $103,000 to $105,000 within 3-4 weeks. As Bitcoin attempts to consolidate the $90,000 support level, selling pressure will weaken.
Analysis suggests that Bitcoin's RSI indicator may indicate a price rebound to $105,000, with increasing bullish signals.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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