Different this time? Bitcoin RSI Says $233K BTC Price Possible By 2025
Bitcoin is technically on track to hit $233,000 – and that could come as early as Q1 2025.
In a new BTC price forecast, X Analytics account Bitcoindata21 used the Relative Strength Index (RSI) to predict six figures for BTC/USD.
BTC Price Analysis: The RSI peak is at $233,000 or higher.
Bitcoin (BTC) price action is currently consolidating around $65,000, but the coming months have the potential to change the market.
Applying the standard deviation to the monthly RSI, Bitcoindata21 suggests that the peak of the current bull market may be close to a quarter of a million dollars.
This is possible with reference to historical highs in the monthly RSI readings, which correspond to breakout surfaces on BTC/USD.
“The monthly RSI trend channel is around 88.6 in Q1 2025,” he said.
“If you're waiting for it not to hit, you're going to believe this time is different.”
BTC/USD 1-week chart with monthly RSI. Source: Bitcoindata21/X
Such a short time frame itself is not out of the ordinary – as the forecast notes, Bitcoin's early bull markets quickly turned into macro peaks.
“There's a lot of apathy and disbelief in the market right now after a long consolidation. It's the perfect time for prices to go higher than the hive mind believes,” said another ex-post.
“Last cycle price went from 10k to 67k in 7 months, mostly due to Grayscale buying 400k bitcoins. Now we have trillions of trade-fi dollars waiting for us after price discovery, and not more than three times as much.
BTC/USD 2-Week Chart. Source: Bitcoindata21/X
Bitcoindata21 added that the $250,000 zone, which will be pegged to X at a later date, was “more converging” with Bitcoin.
Bitcoin RSI “has a lot of room to grow”
As Cointelegraph reports, those looking for BTC price divergence often use the RSI as a forward-looking indicator.
Related: BTC Price Target Sees $135K By 2025 — If Bitcoin Bulls Avoid 25% Dip
In lower timeframes, the daily RSI stood at 62.7 on October 15, according to data from Cointelegraph Markets Pro and TradingView – above the key 50 midpoint but not breaching the “overbought” 70 mark.
Trader Mags supported the idea that the monthly RSI could not only cross 70, but also reach much higher levels.
“Each bull cycle Bitcoin monthly RSI is high when it enters the overbought zone (over 90),” he confirmed to X followers.
“We haven't seen that yet in this cycle. The monthly RSI still has a lot of room to grow, and if history repeats itself, the next leg will be bullish.
BTC/USD chart with RSI data. Source: Mags/X
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
