The Stochastic RSI indicator for Bitcoin formed a “bull Cross”, after which the price of cryptocurrency historically grew an average of 50%. The founder of Profitz Academy Merley Enkelar drew attention to this.
History soresn`t lie: Bitcoin is ABOUT To SEND!
The Stoch Rsi Bullish Cross Just Flated!
EVERY TIME THIS HAPPENS, $ BTC Pumps an Average of 56%!$ 120k is Just the Start! pic.twitter.com/jjzhnnmzah
– Merlijn the Trader (@merlijntrader) March 17, 2025
The classic Stochrsi indicator signals overdue (values above 80) or resold (below 20) of the asset, as in this case.
The line of the variable %k (blue), which is the number of RSI transitions during calculation of stochastic, crossing up the signal curve %D (orange), indicates an increase in the rising pulse.
If the pattern works by analogy with previous cases, the expert predicts the release of quotations to a level of $ 130,000 by about June.
A number of analysts with Wall Street also allowed the growth of bitcoin in the second quarter after a period of the weakness of quotations in March. Their forecast is based on the correlation of the price of digital gold with the global aggregator of the money supply M2 and the dollar index.
Some analysts, including BitMEX ex-SEO, Arthur Hayes, suggested that bitcoin could collapse to $ 70,000 before the Bullran continued.
Matrixport experts predicted the completion of the correction of the first cryptocurrency in March-April. Glassnode experts have admitted that the asset redistribution phase may drag on.
The researcher under the nickname Marktquant based on the simulation of the Monte Carlo model for Bitcoin predicted the growth of quotes to $ 258,445 by September.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
