BTC price faces crucial trend battle as Bitcoin RSI confirms breakout

BTC price faces crucial trend battle as Bitcoin RSI confirms breakout

Bitcoin (BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

RSI breaks a two-month tradition

Data from Cointelegraph Markets Pro and TradingView shows that sustained BTC price action above $37,000 this week has allowed the relative strength index (RSI) to diverge from a multi-month downtrend.

After going from $36,700 to $39,280 in February,…


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