đ˘ Bitcoin prepping breakout with '$90K+' BTC price target â New analysis: đąđą
Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
 is preparing perfect conditions for a fresh BTC price breakout, two classic indicators suggest.In recent analysis on X (formerly Twitter), popular trader Roman revealed a bullish continuation case in the making for BTC/USD.
âď¸Trader: Watch BTC price weekly close for key signals:
Despite disappointing hodlers for much of June, Bitcoin remains a solid bet on higher timeframes, where the landscape looks a lot better.
BTC price action, some argue, is simply consolidating below all-time highs in what is classic bull market behavior, which can last for many months.
For Roman, however, a return to the good times seen earlier this may be just around the corner.
âď¸Flagging the Relative Strength Index (RSI) and Bollinger Bands on the weekly chart, he foresaw a squeeze higher as the next logical step for BTC price action.
âWe are now forming a 3rd bullish divergence between P rice and RSI while many are capitulating & calling for lower,â he wrote on June 21.
âBollinger Bands are also squeezing tighter - creating that volatility to send without returning.â
âď¸An accompanying chart showed RSI making lower lows while price made higher lows. This, combined with narrowing Bollinger Bands, could produce significant volatility.
âď¸âWe are forming more bullish continuation indications on HTF. Once volatility is built we can finally full send to 90k+.â
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