Bitcoin Indicator Flashing ‘One of the Most Bullish Signals,’ Says Analyst Kevin Svenson – Here’s His Outlook

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Analyst Kevin Svenson Bullish on Bitcoin as Crypto King Rallies Over 10%

Renowned analyst and trader Kevin Svenson is expressing bullish sentiment towards Bitcoin (BTC) as the crypto king experiences a rally of over 10% from the recent low reached earlier this month in 2025.

During a recent strategy session, Svenson shared his insights with his 82,800 YouTube subscribers, highlighting the bullish indicators for Bitcoin. He pointed out that the Relative Strength Index (RSI) indicator has broken out of a downtrend on the weekly time frame, signaling positive momentum for the digital asset.

The RSI is a widely-used momentum oscillator that helps identify oversold and overbought conditions in the market.

“Bitcoin has now witnessed another weekly RSI breakout, which is one of the most bullish signals we’ve seen in a long time. Historically, whenever Bitcoin experiences these weekly RSI downtrend breakouts, we see significant upward movements. These breakouts are extremely powerful indicators.”

According to Svenson’s analysis, Bitcoin could potentially enter a bullish phase that may extend into the third quarter of the year if historical patterns repeat themselves.

“Based on past trends of weekly RSI breakouts in Bitcoin’s history, these uptrends typically last around 12 to 14 weeks… which would bring us to July or early August. This projection suggests that we could see an upward trend for Bitcoin over the next few months, potentially until the end of July.”

In the short term, Svenson anticipates Bitcoin to trade within a range of approximately $91,000 to $96,000 before potentially moving higher.

“Bitcoin has shown signs of a bullish pivot, breaking above the downtrend line… We’ve made significant progress in the last two days, and there is room for further upside. However, we are currently facing resistance, so we might experience choppy price action in this range rather than a straight upward trajectory.”