Analysis: Bitcoin RSI Indicator Suggests Price Could Rebound to $105,000, Bullish Signals Increase
2026-01-09 13:49
Odaily News Data shows that Bitcoin's Weekly Relative Strength Index (Weekly RSI) is continuing to break out. This indicator measures the degree of "overbought" or "oversold" conditions for BTC/USD at specific levels. Its downtrend began in September 2025 and has now broken through the 3-month descending trendline, holding above the breakout line. Bullish signals are increasing. According to trend analysis, the Bitcoin price could reach between $103,000 and $105,000 within 3-4 weeks. As Bitcoin attempts to consolidate support around $90,000, selling pressure is expected to weaken. (Cointelegraph)
