Bitcoin Weekly RSI Breakout Signals Trend Shift – Is $100,000 Next For BTC?

After weeks of decline, Bitcoin is showing signs of a bullish reversal, with its weekly Relative Strength Index (RSI) breaking its trendline, fueling optimism for a potential major breakout. Bitcoin has struggled due to global tariff wars, losing over 10% in three months, but has found stability in the low $80,000 range. Crypto analyst Titan of Crypto suggests that BTC may be on the cusp of a "major breakout" due to its weekly RSI breaking above its long-standing trendline. The weekly RSI is a momentum indicator that measures price movements over a one-week timeframe, helping identify trend reversals or continuations. Titan of Crypto notes that previous RSI breakouts were followed by major rallies, and if BTC mirrors this behavior, it could climb to $130,000. Fellow analyst RookieXBT points out that BTC is trading inside a falling wedge pattern, which typically resolves to the upside, and could drive the price to $140,575. However, not all analysts share the same bullish outlook, with Ali Martinez warning that BTC may be forming a rising wedge pattern, a bearish signal that could lead to downside pressure. Macro-economic tensions, including tariff disputes, continue to put pressure on risk assets like BTC. Bitcoin recently formed a "death cross," a bearish technical signal that may result in further losses. At press time, BTC trades at $85,577, up 1.9% in the past 24 hours.