💦💦Kevin Svenson Points Out Bitcoin's Most Reliable Signal 💦💦

Analyst and trader Kevin Svenson says one of the most reliable signals for Bitcoin (BTC) throughout history is turning positive again. In his latest video to his 79,400 subscribers on his YouTube channel, Svenson said that Bitcoin's Relative Strength Index (RSI) is repeating a pattern seen before major bull markets in the past.

According to Svenson, a clear breakout of the weekly RSI resistance is considered one of the most reliable bullish signals in Bitcoin's history. Stating that this situation usually triggers an uptrend of at least six months, the analyst thinks that this signal is currently active and a major price move is imminent.

Based on these indicators, Svenson predicts that Bitcoin will soon surpass its all-time high and that the uptrend will continue until at least March. He also states that this movement of Bitcoin will generally affect the cryptocurrency market positively and that altcoins will also benefit from this rise.

The analyst emphasizes that when Bitcoin creates a strong trend, interest in cryptocurrencies increases and this causes other coins to gain value, and expects a general rise in the market despite the decline in Bitcoin dominance.

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