Bitcoin Price Indicators Point to Potential Rally to New Highs Around Halving Event

Bitcoin's Relative Strength Index (RSI) indicator is signaling potential for a major price rally, possibly to new all-time highs.

The RSI indicator has proven useful for predicting significant Bitcoin price moves in the past.

Bitcoin is currently forming a bullish technical pattern that could complete around April 20th.

If Bitcoin breaks out to new highs during the upcoming halving event, it could drive further upside momentum.

Analyst Kevin Svenson cites the RSI indicator breaking a downtrend as a sign that new highs may be close.