The Bitcoin Breakout: Are We About to See the Mother of All Bull Runs?

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In a development that has made the crypto world sit up and adjust its spectacles, the ever-watchful Kevin Svenson—who has more followers than a stray cat has admirers—claims that Bitcoin (BTC) is, quite literally, a hop, skip, and a “five days away” from confirming a bullish reversal signal that could rattle markets and tea cups alike.

Now, dear readers, this isn’t just any old signal. Svenson, the prophet of profit, is gazing into the weekly relative strength index (RSI)—that wonky momentum oscillator that traders consult as diligently as a medieval astrologer consulting the stars. He asserts that BTC’s RSI is on the brink of breaking a diagonal resistance that’s been sitting there, as stubborn as a cat in a sunbeam, since January.

For this feat to come to fruition, Bitcoin must play nice and stay above that downtrend line for the entire week. Because, as we all know, crypto markets are famous for their well-behaved nature.

“BITCOIN | Weekly RSI Breakouts:

Once confirmed, these weekly RSI breakout signals have shown themselves to be more reliable than your Uncle Bob at a family gathering.

[Five] days until full confirmation.”

Perusing Svenson’s trader’s chart, you’ll see that weekly RSI breakouts have been hotly tipped to signal the start of Bitcoin rallies since 2023. So, grab your popcorn—it’s a thrilling show!

As our beloved RSI makes a valiant attempt to raze its diagonal oppressor, Svenson points out that Bitcoin’s price has already trampled over a downtrend line like a determined toddler on a sugar high.

“Bitcoin attempting to break out.”

At the moment of this writing (which could change faster than the weather in London), Bitcoin is prancing around at a princely $84,630.

Now, as for the neighbors—the altcoins—Svenson earnestly argues that a genuine altcoin season is just around the corner, sneaking up like a cat with wet paws. But hold your horses, folks; this explosive altseason christening hinges entirely on Ethereum pulling a market pump.

“A true altseason will only begin once Ethereum pumps.

Love it or hate it, it’s just the truth. It’s like waiting for a rainy day in the desert.”

Ethereum, the self-proclaimed underdog of the crypto world, currently holds a value of $1,631, which is quite impressive for a digital entity.

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2025-04-15 10:24