The question is will BTC really hit $85,000 by the end of 2024?

Crypto Analysts are predicting that the price of Bitcoin will skyrocket during the later stages of this year…

Crypto trader Titan has recently shared a post on X, where the trader referred to Bitcoin’s RSI (Relative Strength Index) on the higher time frames taken on a weekly basis, and interpreted the breakout as a sign for BTC making huge waves (well explosive!) by the end of the year.

RSI analyses the market momentum and velocity and magnitude of an assets price movement. As indicated on the chart on X, it has also broken above the highly important 50/100 mark.

Titan stated “The Weekly RSI breakout signals an explosive move by the end of the year for BTC,” and posted a chart to support his forecast that shows where the RSI is headed.

This breakthrough ends a downtrend, since the last all-time high back in March, potentially flipping the market.

These indications are increasing the level of optimism for crypto traders.

However, some traders such as Skew on X, remain cautious, stating that Bitcoin needs to show more highs and lows on a regular daily timeframe. He stated that ideally $61,000 would be the benchmark, and anything persisting above this figure, would be highly vital in indicating that the bullish trend will continue throughout the year.