Bitcoin targets $90K on high time frame bullish signals
Bitcoin (BTC) is preparing for a fresh price breakout, as indicated by two classic technical indicators, according to a recent analysis shared by popular trader Roman on X (formerly Twitter). Despite prevailing bearish sentiments, Bitcoin has been consolidating above $63,000 after facing resistance at the $70,000 mark. This period of consolidation, while disappointing for holders in June, is viewed as a healthy correction within an ongoing bull market. Key indicators: RSI and Bollinger Bands Roman emphasizes the importance of the Relative Strength Index (RSI) and Bollinger Bands on the weekly chart, which signal a potential upside. The RSI, a momentum oscillator, measures the speed and change of price movements and is often used to identify overbought or oversold conditions. Picks for you Here's when Bitcoin will hit 'next m...