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Viewpoint: Bitcoin weekly RSI indicator triggers "medium-term" bullish target of $85,000

BlockBeats news, on September 23, traders predicted that Bitcoin will break through at the "end of the year", and Bitcoin continued to maintain at $62,000 at the close of this week, after a continuous rebound from the September support level. Now, optimistic Bitcoin price predictions indicate that the market tends to be bullish. Cryptocurrency analyst Titan's first target is $85,000.

He uploaded a weekly chart of Bitcoin's relative strength index (RSI), suggesting that market momentum is accumulating and will push prices to new historical highs or even higher. He concluded: "Bitcoin $85,000: Medium-term target." "The weekly RSI breakthrough signal indicates that Bitcoin will usher in an explosive rise before the end of the year."

Titan of Crypto added that if September ends with an increase, the upward trend should continue throughout the fourth quarter.

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