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Bitcoin RSI is either on track to deliver a six-figure BTC price next year or “this time is different,” analysis says.
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Bitcoin (BTC) is technically on track to hit $233,000 — and that could come as early as Q1 2025.
In a bold new BTC price forecast, popular X analytics account Bitcoindata21 used the relative strength index (RSI) to predict six figures for BTC/USD.
BTC price analysis: RSI peak equals $233,000 or more
BTC price action is currently consolidating around $65,000, but the coming months have the potential to revolutionize the market.
Applying standard deviation to monthly RSI, Bitcoindata21 suggested that the top of the current bull market should equate to around a quarter of a million dollars.
This is possible by referencing historical highs in monthly RSI readings, which correspond to blow-off tops on BTC/USD.
“The top of the trend channel for monthly RSI is around 88.6 in Q1 2025,” he explained.
“If you are expecting it NOT to get hit, then you believe this time is different.”
BTC/USD 1-week chart with monthly RSI. Source: Bitcoindata21/X
Such a short deadline is itself not out of the ordinary — as the prediction notes, Bitcoin’s previous bull markets produced rapid upside toward macro peaks.
“There is plenty of apathy and disbelief in the market right now after a long consolidation. Perfect time for price to rip higher, further than the hive mind believes,” another X post argued.
“Last cycle price went from 10k to 67k in 7 months, largely driven by Grayscale buying 400k bitcoin. Now we have trillions of trad-fi dollars waiting to fomo after price discovery, and after they realise its not a triple top.”
BTC/USD 2-week chart. Source: Bitcoindata21/X
Bitcoindata21 added that there is “more confluence” with Bitcoin reaching the $250,000 zone which would be uploaded to X at a later date.
Bitcoin RSI “has a lot of room to grow”
As Cointelegraph reported, RSI is often used as a forward-looking indicator by those seeking BTC price breakouts.
Related: BTC price target sees $135K in 2025 — if Bitcoin bulls avoid a 25% dip
On lower timeframes, daily RSI stood at around 62.7 on Oct. 15, per data from Cointelegraph Markets Pro and TradingView — above the key 50 midpoint but not yet breaching the “overbought” 70 mark.
Popular trader Mags meanwhile supported the idea that monthly RSI should not only pass 70 but hit extreme levels.
“Each bull cycle Bitcoin peaks when the monthly RSI enters the extreme overbought zone (above 90),” he confirmed to X followers.
“We haven’t seen that happen in this cycle yet. The monthly RSI still has a lot of room to grow, and if history repeats, the next leg up will be epic.”
BTC/USD chart with RSI data. Source: Mags/X
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article first appeared at Cointelegraph.com News
