Bitcoin (BTC) demands a breakout as a key leading indicator reaches its highest levels since January.
Data from Cointelegraph Markets Pro and TradingView shows the relative strength index (RSI) hinting at more BTC price gains next.
Bitcoin RSI breakout has days to “full confirmation”
Bitcoin bull runs traditionally begin with telltale RSI signals, and on daily timeframes, conditions are ripe for a classic BTC price rebound.
As BTC/USD made lower lows over the past month, RSI began trending in the opposite direction, setting higher lows and attempting a type of bullish divergence.
More recently, the daily RSI broke above the 50 midpoint, only to successfully retest it as support from above before making new multimonth highs.
BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView
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