The cryptocurrency landscape is about to witness significant momentum, with Bitcoin (BTC) gearing up for a remarkable rise. Henrik Zeberg, a respected macroeconomist and crypto strategist, shared with his more than 120 thousand followers on a well-known social media platform, a promising analysis on the leading crypto asset.
Zeberg highlights Bitcoin's weekly relative strength index (RSI), a technical indicator often monitored by traders to signal market trends. According to him, BTC’s RSI has entered a “strong momentum” zone, a phenomenon that has historically preceded significant increases in the currency’s value.
Zeberg's words resonate confidence: “BTC: Weekly RSI entered 'strong momentum'. The three times before entering this area, BTC rose sharply. This time will be no different! Bitcoin is going to soar!”
#BTC Weekly RSI has moved into "Strong Momentum".
The 3 times before it has moved into this area, BTC has moved strongly higher.
This time will not be different! # Bitcoin will sound! 🚀🚀🚀 pic.twitter.com/3YPTq1zvWw
— Henrik Zeberg (@HenrikZeberg) November 30, 2023
In contrast, market intelligence firm Glassnode, under the pseudonym Negentropic on X, sees strength in both BTC and Ethereum (ETH) despite recent pullbacks in crypto markets. Negentropic notes that BTC is targeting the $42.000 milestone, while identifying some altcoins worthy of attention, including Solana (SOL), Chainlink (LINK), and Cosmos (ATOM).
O cryptocurrency market, after reaching peaks of several months, faces a slight retreat. However, BTC and ETH remain resilient, with Bitcoin targeting a 30% jump since October, and Ethereum holding above $2.000. Altcoins such as Solana, Cosmos, Sei, Chainlink and ScapesMania are gaining attention in the market.
With these analyzes in mind, investors appear to be on the cusp of a potentially transformative moment for Bitcoin and other cryptocurrencies. At the time of publication, the BTC price it was quoted at US$ 40.100,00, up 1,7% in the last 24 hours.
