Bitcoin's 10% Rally Sparks Bullish Outlook, Analyst Predicts 12-14 Week Uptrend

Analyst and trader Kevin Svenson has expressed a bullish outlook on Bitcoin (BTC), following a rally of over 10% since the 2025 low reached earlier this month. In a recent strategy session, Svenson highlighted that Bitcoin is showing bullish signs after the Relative Strength Index (RSI) indicator broke out of a downtrend on the weekly time frame. The RSI is a momentum oscillator used to determine oversold and overbought conditions.

Svenson emphasized the significance of this breakout, stating that it is one of the most bullish signals observed in Bitcoin's history. He noted that every time Bitcoin experiences a weekly RSI downtrend breakout, it leads to substantial upward movements. According to Svenson, if history repeats itself, Bitcoin could enter a bullish period lasting into the third quarter of this year. He predicted that these runs typically last about 12 to 14 weeks, which would place the end of the uptrend around July or early August.

In the short term, Svenson expects Bitcoin to trade within a range of approximately $91,000 to $96,000 before moving higher. He explained that Bitcoin has made a bullish pivot and is now above the downtrend line, indicating significant progress over the past two days. However, he cautioned that there is likely to be volatility in this zone, with Bitcoin trading in a range rather than moving in straight lines.

At the time of writing, Bitcoin is trading at $93,837. Svenson's analysis suggests that investors should be prepared for potential volatility but remain optimistic about the long-term prospects of Bitcoin. His outlook is based on historical patterns and the current technical indicators, which point to a bullish trend for the cryptocurrency.