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Analysis: Bitcoin RSI Indicator Suggests Price May Rebound to $105,000, Bullish Signals Increase

2026-01-09 13:49

According to Odaily, 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 a 3-month descending trendline and held above the breakout line. Bullish signals are increasing. According to trend analysis, the Bitcoin price could potentially 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)

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