Different this time? Bitcoin RSI says $233K BTC price possible in 2025
2024.10.15 06:17
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: RSI peak equals $233,000 or more
Bitcoin (BTC) price action is currently consolidating around $65,000, but forthcoming months have the potential to revolutionize the market.
Applying standard deviation to monthly RSI, Bitcoindata21 suggests that the top of the current bull market may equate to about 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,” it said.
“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 upsides 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 said.
“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 was “more confluence” with Bitcoin reaching the $250,000 zone that would be uploaded to X at a later date.
Bitcoin RSI “has a lot of room to grow”
As Cointelegraph reported, those seeking BTC price breakouts often use RSI as a forward-looking indicator.
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.
Trader Mags supported the idea that monthly RSI may not only pass 70 but could 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.
