Bitcoin pimed for massive rally.
For the first time in the last six months, Bitcoin has officially made both a *higher low* and a *higher high*, a textbook indicator of a bullish trend in the making!
After months of consolidation and uncertainty, the king of crypto is finally showing strength and resilience as we head into the final quarter of 2024.
Key Technical Signals
- Bitcoin has confirmed *higher lows* and *higher highs*, setting up a strong foundation for a continued rally.
- The weekly RSI (Relative Strength Index) has just flipped bullish, adding serious momentum behind this breakout. Historically, when Bitcoin’s weekly RSI turns bullish, we’ve seen major price surges follow.
- This bullish breakout on the chart suggests we are eyeing a major upside, with a price target of $85,000 by the end of the year.
If the current momentum holds, the combination of favorable market conditions and strong technical signals could push Bitcoin into a new all-time high.
