{"id":4565,"date":"2025-05-03T18:13:12","date_gmt":"2025-05-03T18:13:12","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-stochastic-rsi-signals-brewing-bullish-momentum-ath-incoming\/"},"modified":"2025-05-03T18:13:12","modified_gmt":"2025-05-03T18:13:12","slug":"bitcoin-stochastic-rsi-signals-brewing-bullish-momentum-ath-incoming","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-stochastic-rsi-signals-brewing-bullish-momentum-ath-incoming\/","title":{"rendered":"Bitcoin Stochastic RSI Signals Brewing Bullish Momentum \u2013 ATH Incoming?"},"content":{"rendered":"

Bitcoin (BTC) has surged 14.6% over the past two weeks, rising from approximately $84,500 on April 18 to the mid-$90,000 range at the time of writing. With this upward momentum, the leading cryptocurrency appears to be setting its sights on a new all-time high (ATH), as several technical and momentum indicators hint at a growing bullish trend.<\/p>\n

Bitcoin Monthly Stochastic RSI Turning Bullish<\/h2>\n

In a recent post on X, crypto analyst Titan of Crypto shared a BTC monthly chart indicating that the Stochastic Relative Strength Index (RSI) is on the verge of a bullish crossover.<\/p>\n

\"titan\"<\/p>\n

For the uninitiated, a Stochastic RSI bullish crossover signals growing upward momentum and is often interpreted as a potential buy signal or the start of a potential rally. Titan of Crypto added that if confirmed, the bullish crossover may initiate BTC\u2019s next leg up.<\/p>\n

As an example, the analyst referred to BTC\u2019s price action on the monthly chart from back in Q3 2021. At the time, a similar bullish crossover in the Stochastic RSI preceded a 56.9% surge in Bitcoin\u2019s price.<\/p>\n

However, Bitcoin must hold above crucial support levels to maintain this bullish structure. In a separate X post, renowned analyst Ali Martinez noted that BTC could re-test the $95,700 support zone before advancing toward the $100,000 milestone.<\/p>\n

\"ali\"<\/p>\n

On the resistance side, Martinez emphasized that $97,530 remains a \u201ckey level to watch.\u201d A successful breakout beyond this threshold could pave the way for BTC to revisit or surpass its previous ATH. As it stands, Bitcoin is trading roughly 10% below its record high.<\/p>\n

Analysts Predict BTC\u2019s Next Move<\/h2>\n

Crypto analyst Rekt Capital also weighed in on BTC\u2019s potential trajectory. In an X post<\/a> published yesterday, he suggested that once BTC decisively breaks through the $97,000 to $99,000 zone, it could face rejection near $104,500. Following that, holding the $97,000\u2013$99,000 range as support would be critical for BTC to launch toward new highs.<\/p>\n

Similarly, analyst Ted noted that BTC is currently trading in a Wyckoff accumulation phase. The analyst added that BTC\u2019s slide below $76,000 in early April was likely the bottom for this market cycle. He added:<\/p>\n

\n

Looking at the Wyckoff accumulation pattern, it seems like the $96K-$99K level could act as a resistance. I think BTC could consolidate here for a few days, before eventually breaking to the upside.<\/p>\n<\/blockquote>\n

\"ted\"<\/p>\n

Despite bullish momentum, some concerns remain. Analysts caution that Bitcoin is unlikely to face a true supply shock in the immediate future, which could temper upside potential. At press time, BTC trades at $97,142, up 0.9% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has surged 14.6% over the past two weeks, rising from approximately $84,500 on April 18 to the mid-$90,000 range at the time of writing. With this upward momentum, the leading cryptocurrency appears to be setting its sights on a new all-time high (ATH), as several technical and momentum indicators hint at a growing…<\/p>\n","protected":false},"author":1,"featured_media":4566,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[56,55,61,62,36,95,239,2033,2034,176,2401],"class_list":["post-4565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-digital-currency","tag-momentum-indicator","tag-stochastic-rsi","tag-technical-analysis","tag-wyckoff-accumulation"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=4565"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/4566"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}