Bitcoin Will ‘Technically’ Hit $233,000 in Q1 2025

Bitcoin is technically on track to reach $233,000, potentially as soon as the first quarter of 2025. In a new price forecast, the analytics account Bitcoindata21 used the Relative Strength Index (RSI) to predict six-figure price levels for BTC/USD. Bitcoin’s price action is currently consolidating around $65,000, but the coming months could bring significant market changes. Using historical RSI data, Bitcoindata21 applied standard deviation to monthly RSI readings to suggest that the top of the current bull market could see Bitcoin reaching as high as $250,000. “The top of the trend channel for monthly RSI is around 88.6 in Q1

Source: CryptoIntelligence