Cryptocurrency trader predicts bitcoin to rise to $ 90,000 in the near future

Roman, a popular crypto trader, has stated that the flagship cryptocurrency BTC $98,308.56 Bitcoin 0.78% Market capitalization $1.95 trillion VOL. 24 hours $5.94 billion is preparing for a new price breakout, which is confirmed by two classic technical indicators.

Roman emphasizes the importance of the Relative Strength Index (RSI) and Bollinger Bands on the weekly chart, which signal the potential growth of bitcoin. The chart analysis shows a third bullish divergence between Bitcoin’s price and the RSI, which is a strong signal for growth. In addition, the narrowing of the Bollinger Bands indicates a decrease in volatility, which often precedes significant price movements.

Roman suggests that the recent consolidation of the main crypto asset is part of a healthy correction within a larger bull market. The analyst predicts a target price of $ 90,000, which is a significant increase from current levels. Traders and investors are advised to keep an eye on the weekly close to confirm the bullish continuation of the price trend.

At the time of writing, the main digital asset is trading at $ 62,289 with a market capitalization of $ 1.2 trillion.