Bitcoin’s Relative Strength Index (RSI) is currently mirroring its performance during the 2017 bull run, hinting at a possible surge in the asset’s price. The RSI, a well-known trading sentiment indicator, is showing a similar pattern to that of the 2017 bull run, which saw Bitcoin’s price skyrocket to nearly $20,000. This has led some traders to predict that Bitcoin could reach as high as $75,000.
The current Bitcoin market is showing a similar trend to the 2017 bull run, which could mean a potential price surge for the digital currency. The Bitcoin price forecast of $75,000 comes from a trader who has observed similarities between the current market conditions and those of the 2017 bull market. The trader’s analysis, based on RSI, indicates that if the market continues to follow the 2017 trend, Bitcoin’s price could reach unprecedented heights.
