{"id":127202,"date":"2025-04-15T11:17:22","date_gmt":"2025-04-15T11:17:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127202"},"modified":"2025-04-15T11:17:22","modified_gmt":"2025-04-15T11:17:22","slug":"can-3-month-bitcoin-rsi-highs-counter-bearish-btc-price-seasonality","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127202","title":{"rendered":"Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) demands a breakout as a key leading indicator reaches its highest levels since January.
\nData from Cointelegraph Markets Pro and TradingView shows the relative strength index (RSI) hinting at more BTC price gains next.
\nBitcoin RSI breakout has days to \u201cfull confirmation\u201d
\nBitcoin bull runs traditionally begin with telltale RSI signals, and on daily timeframes, conditions are ripe for a classic BTC price rebound.
\nAs BTC\/USD made lower lows over the past month, RSI began trending in the opposite direction, setting higher lows and attempting a type of bullish divergence.
\nMore recently, the daily RSI broke above the 50 midpoint, only to successfully retest it as support from above before making new multimonth highs.
\nBTC\/USD 1-day chart with RSI data. Source: Cointelegraph\/TradingViewAmong those monitoring the topic is popular trader and analyst Rekt Capital.
\n\u201cBitcoin has successfully retested red as support & the Daily RSI Higher Low continues to maintain itself as well,\u201d he commented alongside a chart in an X post this weekend.
\n\u201cGrowing signs of a maturing Bullish Divergence here, with price just below the key Price Downtrend (blue).\u201d
\nBTC\/USD 1-day chart with RSI data. Source: Rekt Capital\/XRekt Capital also reported that RSI trends suggested a long-term BTC price floor at around $70,000.
\nMeanwhile, fellow analyst Kevin Svenson captured similarly promising signals on weekly RSI this week.
\n\u201cOnce confirmed, weekly RSI breakout signals have proven to be among the most reliable macro breakout indicators,\u201d he told X followers.\u00a0
\n\u201c6 Days until full confirmation.\u201d
\nBTC\/USD 1-week chart with RSI data. Source: Kevin Svenson\/XAs Cointelegraph reported, another key breakout currently under the microscope for Bitcoin market participants involves a downward-sloping trendline in place since January\u2019s all-time highs.
\nApril BTC price performance far below median
\nCountering the bullish anticipation is an analysis focusing on the troublesome macroeconomic conditions in which Bitcoin now finds itself.
\nRelated: Bitcoin price metric that called 2020 bull run says $69K new bottom
\nThe ongoing US trade war and risk-asset rout make for an unlikely influx of capital to BTC, which has closely followed stocks while gold sets repeated all-time highs.
\nIn his latest forecast for April, network economist Timothy Peterson saw little reason to celebrate.
\nUploading a chart of the median yearly price path for BTC\/USD, he concluded that this year was a firm underperformer.
\n\u201cHalf the days are above the blue line and half are below it.\u00a0This April is obviously a ‘below’ month,\u201d part of accompanying commentary read.
\n\u201cThat is almost certainly not going to change, given the level of interest rates and other risk factors at work in the market and economy.\u201d
\nBTC price seasonality. Source: Timothy Peterson\/XOther perspectives likewise see a lackluster April before bullish undercurrents catch up with Bitcoin, these in the form of record global M2 money supply and a weakening US dollar index (DXY).
\nThis 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.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) demands a breakout as a key leading indicator reaches its highest levels since January. Data from Cointelegraph Markets Pro and TradingView shows the relative strength index… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127202"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127202"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127202\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127202"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}