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Bullish
Bitcoin (BTC) is mirroring a key feature from the 2016 bull market, which could trigger a major price breakout at $75,000, according to popular trader Jelle. The relative strength index (RSI), which measures if an asset is overbought or oversold, is showing a similar pattern to early 2017. Despite recent highs, data suggests Bitcoin's steepest gains are yet to come. However, opinions on Bitcoin's short-term performance are mixed, with some predicting a return to $60,000 or lower. The recent approval of spot Ether (ETH) exchange-traded funds in the US has done little to boost either coin's performance.
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