Bitcoin Trading In A Diagonal Resistance In A Falling Wedge Pattern A Massive Bull Run Is Been Projected

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Something unthinkable is what is projected to happen to the king crypto as regards it’s bullish movement, Kevin Svenson who is a seasoned crypto analyst says that we are now in a bullish trend shift… But what is interesting to me is the daily RSI [relative strength index].We’re bouncing off the 70 level on the daily RSI. We’re bouncing off the overbought zone, the unthinkable. The bears never thought this was going to be possible. But it has happened before.

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He made this know in a tweet to he’s followers on Twitter that bitcoin could hit $30k sooner than what people expect. From what he said it seems the bullish momentum is on the side of the bulls which was followed by the breakout.

Making use of bitcoin RSI chart of the bitcoin which he gave a detailed explanation why he thinks so referencing the bullish movement that was experienced three years ago which he said that when Bitcoin [broke] $20,000 for the first time, we remained in overbought zone for quite sometime, and Bitcoin went up 60%. It went into overbought territory and stayed there for a 60% run. These things are possible.

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