04-15-2025, 12:35 PM
Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2RkNTItMDMyMi03NWM5LWI4Y2EtYTgyZjFlNTI3YWIz.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2RkNTItMDMyMi03NWM5LWI4Y2EtYTgyZjFlNTI3YWIz.jpg" alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) demands a breakout as a key leading indicator reaches its highest levels since January.<p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> shows the relative strength index (RSI) hinting at more BTC price gains next.</p><h2>Bitcoin RSI breakout has days to “full confirmation” </h2><p>Bitcoin bull runs traditionally begin with <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/these-3-bitcoin-metrics-fresh-btc-price-move-imminent" rel="" target="_self" text="null" title="https://cointelegraph.com/news/these-3-bitcoin-metrics-fresh-btc-price-move-imminent">telltale RSI signals</a>, and on daily timeframes, conditions are ripe for a classic BTC price rebound.</p><p>As BTC/USD made lower lows over the past month, RSI began trending in the opposite direction, setting higher lows and attempting a type of <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-tags-86-k-as-trump-tariff-relief-boosts-breakout-odds" rel="null" target="null" text="null" title="null">bullish divergence</a>.</p><p>More recently, the daily RSI broke above the 50 midpoint, only to successfully retest it as support from above before making new multimonth highs.</p><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389c-147f-73a0-b3e0-ce40ee24520a" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Among those monitoring the topic is popular trader and analyst Rekt Capital.</p><p>“Bitcoin has successfully retested red as support & the Daily RSI Higher Low continues to maintain itself as well,” he <a data-ct-non-breakable="null" href="https://x.com/rekt_capital10/status/1911334374412341592" rel="null" target="null" text="null" title="null">commented</a> alongside a chart in an X post this weekend.</p><blockquote>“Growing signs of a maturing Bullish Divergence here, with price just below the key Price Downtrend (blue).”</blockquote><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389c-9057-738e-98a5-df33461e5281" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X</em></p></figcaption></figure><p>Rekt Capital also reported that RSI trends suggested a long-term BTC price floor at around $70,000.</p><p>Meanwhile, fellow analyst Kevin Svenson captured similarly promising signals on weekly RSI this week.</p><p>“Once confirmed, weekly RSI breakout signals have proven to be among the most reliable macro breakout indicators,” he told X followers. </p><blockquote>“6 Days until full confirmation.”</blockquote><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389d-04d5-795c-aa19-a993ac3c2878" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-week chart with RSI data. Source: Kevin Svenson/X</em></p></figcaption></figure><p>As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tariffs-vs-record-m2-money-supply-5-things-bitcoin-this-week" rel="null" target="null" text="null" title="null">Cointelegraph reported</a>, another key breakout currently under the microscope for Bitcoin market participants involves a downward-sloping trendline in place since January’s all-time highs.</p><h2>April BTC price performance far below median</h2><p>Countering the bullish anticipation is an analysis focusing on the troublesome macroeconomic conditions in which Bitcoin now finds itself.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-metric-called-2020-bull-run-69k-new-bottom" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin price metric that called 2020 bull run says $69K new bottom</strong></em></a></p><p>The ongoing US trade war and risk-asset rout make for an unlikely influx of capital to BTC, which has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-stocks-shun-cpi-print-win-and-give-up-tariff-relief-gains-will-btc-whales-save-the-day" rel="null" target="null" text="null" title="null">closely followed stocks</a> while gold sets repeated all-time highs.</p><p>In his <a data-ct-non-breakable="null" href="https://x.com/nsquaredvalue/status/1911812257647915167" rel="null" target="null" text="null" title="null">latest forecast</a> for April, network economist Timothy Peterson saw little reason to celebrate.</p><p>Uploading a chart of the median yearly price path for BTC/USD, he concluded that this year was a firm underperformer.</p><p>“Half the days are above the blue line and half are below it. This April is obviously a 'below' month,” part of accompanying commentary read.</p><blockquote>“That is almost certainly not going to change, given the level of interest rates and other risk factors at work in the market and economy.”</blockquote><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389d-f565-795b-aa96-2591faf075d7" title=""><figcaption style="text-align: center;"><p><em>BTC price seasonality. Source: Timothy Peterson/X</em></p></figcaption></figure><p>Other perspectives likewise see a lackluster April before bullish undercurrents catch up with Bitcoin, these in the form of <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/m2-money-supply-parabolic-bitcoin-price-rally" rel="null" target="null" text="null" title="null">record global M2 money supply</a> and a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-dollar-index-dxy-falls-close-to-level-that-was-followed-by-500-bitcoin-price-rallies" rel="null" target="null" text="null" title="null">weakening US dollar index (DXY)</a>.</p><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br><br></p></p>
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https://cointelegraph.com/news/can-3-mon...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2RkNTItMDMyMi03NWM5LWI4Y2EtYTgyZjFlNTI3YWIz.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2RkNTItMDMyMi03NWM5LWI4Y2EtYTgyZjFlNTI3YWIz.jpg" alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) demands a breakout as a key leading indicator reaches its highest levels since January.<p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> shows the relative strength index (RSI) hinting at more BTC price gains next.</p><h2>Bitcoin RSI breakout has days to “full confirmation” </h2><p>Bitcoin bull runs traditionally begin with <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/these-3-bitcoin-metrics-fresh-btc-price-move-imminent" rel="" target="_self" text="null" title="https://cointelegraph.com/news/these-3-bitcoin-metrics-fresh-btc-price-move-imminent">telltale RSI signals</a>, and on daily timeframes, conditions are ripe for a classic BTC price rebound.</p><p>As BTC/USD made lower lows over the past month, RSI began trending in the opposite direction, setting higher lows and attempting a type of <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-tags-86-k-as-trump-tariff-relief-boosts-breakout-odds" rel="null" target="null" text="null" title="null">bullish divergence</a>.</p><p>More recently, the daily RSI broke above the 50 midpoint, only to successfully retest it as support from above before making new multimonth highs.</p><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389c-147f-73a0-b3e0-ce40ee24520a" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Among those monitoring the topic is popular trader and analyst Rekt Capital.</p><p>“Bitcoin has successfully retested red as support & the Daily RSI Higher Low continues to maintain itself as well,” he <a data-ct-non-breakable="null" href="https://x.com/rekt_capital10/status/1911334374412341592" rel="null" target="null" text="null" title="null">commented</a> alongside a chart in an X post this weekend.</p><blockquote>“Growing signs of a maturing Bullish Divergence here, with price just below the key Price Downtrend (blue).”</blockquote><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389c-9057-738e-98a5-df33461e5281" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X</em></p></figcaption></figure><p>Rekt Capital also reported that RSI trends suggested a long-term BTC price floor at around $70,000.</p><p>Meanwhile, fellow analyst Kevin Svenson captured similarly promising signals on weekly RSI this week.</p><p>“Once confirmed, weekly RSI breakout signals have proven to be among the most reliable macro breakout indicators,” he told X followers. </p><blockquote>“6 Days until full confirmation.”</blockquote><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389d-04d5-795c-aa19-a993ac3c2878" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-week chart with RSI data. Source: Kevin Svenson/X</em></p></figcaption></figure><p>As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tariffs-vs-record-m2-money-supply-5-things-bitcoin-this-week" rel="null" target="null" text="null" title="null">Cointelegraph reported</a>, another key breakout currently under the microscope for Bitcoin market participants involves a downward-sloping trendline in place since January’s all-time highs.</p><h2>April BTC price performance far below median</h2><p>Countering the bullish anticipation is an analysis focusing on the troublesome macroeconomic conditions in which Bitcoin now finds itself.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-metric-called-2020-bull-run-69k-new-bottom" rel="null" target="null" text="null" title="null"><em><strong>Bitcoin price metric that called 2020 bull run says $69K new bottom</strong></em></a></p><p>The ongoing US trade war and risk-asset rout make for an unlikely influx of capital to BTC, which has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-stocks-shun-cpi-print-win-and-give-up-tariff-relief-gains-will-btc-whales-save-the-day" rel="null" target="null" text="null" title="null">closely followed stocks</a> while gold sets repeated all-time highs.</p><p>In his <a data-ct-non-breakable="null" href="https://x.com/nsquaredvalue/status/1911812257647915167" rel="null" target="null" text="null" title="null">latest forecast</a> for April, network economist Timothy Peterson saw little reason to celebrate.</p><p>Uploading a chart of the median yearly price path for BTC/USD, he concluded that this year was a firm underperformer.</p><p>“Half the days are above the blue line and half are below it. This April is obviously a 'below' month,” part of accompanying commentary read.</p><blockquote>“That is almost certainly not going to change, given the level of interest rates and other risk factors at work in the market and economy.”</blockquote><figure><img alt="Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'" src="https://s3.cointelegraph.com/uploads/2025-04/0196389d-f565-795b-aa96-2591faf075d7" title=""><figcaption style="text-align: center;"><p><em>BTC price seasonality. Source: Timothy Peterson/X</em></p></figcaption></figure><p>Other perspectives likewise see a lackluster April before bullish undercurrents catch up with Bitcoin, these in the form of <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/m2-money-supply-parabolic-bitcoin-price-rally" rel="null" target="null" text="null" title="null">record global M2 money supply</a> and a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-dollar-index-dxy-falls-close-to-level-that-was-followed-by-500-bitcoin-price-rallies" rel="null" target="null" text="null" title="null">weakening US dollar index (DXY)</a>.</p><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br><br></p></p>
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