Bitcoin ‘bullish cross’ with 50%-plus average returns flashes again
Bitcoin’s price could surge to $120,000 by July or August as hedge fund accumulation further strengthens the bullish outlook for BTC price.
Bitcoin’s (BTC) stochastic RSI has printed a bullish cross with a history of preceding sharp price rebounds.
Stochastic RSI tracks momentum based on price movements relative to their range over a given period. This classic indicator operates between 0 and 100, with values above 80 considered overbought and below 20 deemed oversold.
BTC/USDT weekly price chart. Source: TradingView/Merjin The Trader
English
Spanish
French
German
Arabic
Chinese (Simplified)
Russian
Portuguese
Indonesian
Dutch
Afrikaans
Italian
Vietnamese
Bulgarian
Croatian
Danish
Greek
Hebrew
Hindi
Hungarian
Irish
Japanese
Korean
Norwegian
Persian
Polish
Romanian
Somali
Swedish
Thai