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Viewpoint: BTC weekly RSI indicator triggers the 'medium-term' bullish target of $85,000
BlockBeats news, on September 23rd, traders predicted that BTC will break through at the 'end of the year', and BTC continued to maintain at $62,000 at the end of this week, rebounding continuously from the September support level. Now, optimistic BTC price predictions indicate that the market tends to be in long positions. The first target of cryptocurrency analyst Titan is $85,000. He uploaded a weekly chart of BTC's relative strength index (RSI), implying that market momentum is building up and will push prices to new all-time highs, or even higher. He concluded, 'BTC $85,000: mid-term target.' 'The weekly RSI breakout signal indicates that BTC will experience an explosive rise before the end of the year.' Titan of Crypto added that if the rise above continues in September, the upward trend should continue throughout the fourth quarter.