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

Read more