- Bitcoin confirms bullish momentum with a breakout from a bull pennant and an RSI trendline breach, signaling strong upward potential.
- With Bitcoin trading above $84K and a projected target of $137K, the breakout suggests a rally could extend into Q3 2025.
- Weekly RSI breakout mirrors past bullish reversals, reinforcing the technical case for continued strength and higher price action.
According to analyst Titan Of Crypto, Bitcoin appears to be in line for a strong leg higher, with two bullish indications flashing in conjunction. The breakout of a textbook bull pennant on the daily timeframe and a breakdown of the weekly RSI trendline portend a new bullish cycle. At $84,485 currently, Bitcoin has broken past the consolidation area and is gathering momentum on the upside.
Bull Pennant Confirms Momentum Continuation
Bitcoin began consolidating in mid-December 2024 after a sharp rally from $26,000 in early October. Price formed a symmetrical bull pennant, marked by converging trendlines. This classic continuation pattern reflected controlled accumulation within a tightening range between $60,000 and $74,000.
By early April 2025, price action pierced the upper trendline near $72,000. This clean breakout confirmed a shift back to bullish continuation. Moreover, the data projects a target of approximately $137,129. This estimate results from the measured move technique using the flagpole height of $48,000.
Additionally, Bitcoin has stayed above the breakout zone, reinforcing the pattern’s validity. The price is now in the early stage of a projected rally that could stretch into Q3 2025. Hence, the path upward seems increasingly probable.
Weekly RSI Signals Reversal Strength
Besides the breakout, Bitcoin’s weekly RSI has also triggered a bullish signal still as per the same analyst. In early April 2025, the RSI broke its descending trendline at the 42 level. This key move followed two similar breakouts in 2023 and 2024, both of which preceded strong price surges.
Each RSI trendline break marked a turning point in market momentum. Consequently, price rallies followed swiftly in each instance. Moreover, the latest RSI breakout aligns with the bull pennant breakout, increasing confidence in continued upward movement. The RSI structure remains consistent across timeframes. It shows strength returning after each decline. Bitcoin’s ascending price lows since 2023 further support this bullish momentum.
Bullish Bias Grows Stronger
With both daily and weekly timeframes aligning, Bitcoin’s technical posture appears robust. Additionally, no reversal signals have emerged within the consolidation. Hence, the probability of a sustained rally remains high. The convergence of indicators points to a strong case for Bitcoin reaching new all-time highs soon.
