The Bitcoin (BTC) probability RSI printed a strong cross with the history of the previous rapid price rebound.
Probability RSI tracks the amount of exercise based on price fluctuations compared to the range during a given period. This classic indicator works between 0 and 100, and more than 80 values are considered excessive purchases, and less than 20 people are considered overbidden.
BTC/USDT weekly price chart. Source: TradingView/Merjin The Trader
The crossover of the blue %K -line on the orange %D line from the hypoxy area suggests that the upward momentum is technically increased.
Another $ 120,000 BTC price target appears.
The historical fractal shows that the weekly probability RSI has experienced price recovery within 3-5 months each time an optimistic cross is made. During this rebound, profits are 56%, including the extended rally beyond the 90% turn mark.
BTC/USD weekly price chart. Source: TradingView
This includes a 90%increase in November 2022, 92%profit in late 2023, and 98%of Bitcoin’s recent highs in January 2025.
If history is repeated, Bitcoin can see another parabolic increase from July or August, and conveyed a large profit in line with the previous probability RSI Rustish Crosses.
Market analyst Merjin The Trader says that Bitcoin’s price can reach at least $ 120,000 if the probability RSI fractal progresses as intended.
Source: Merjin The Trader
Meanwhile, Bitcoin’s optimistic reversal outlook receives an additional signal of about $ 77,230 from the 50 -week index moving average (50 weeks EMA; Red Wave on the above chart).
The 50 -week EMA WAVE has been used as a powerful accumulation area for traders since October 2023.
If the price of the BTC is decisively destroyed than the 50 -week EMA, you can head toward the next support target around the 200 -week EMA (Blue Wave), which has decreased by 40% from the current price.
Bitcoin Hedge Fund is buying dip
Another optimistic sign comes from the hedge fund accumulation during the ongoing price modification.
Global encryption hedge funds are increasing the exposure to BTC in BTC in the latest rolling on the 20th, which has soared to four months. This suggests that institutional investors are positioning themselves for potential rise.
Global encryption hedge fund rolls a month beta with Bitcoin. Source: GlassNode/Bloomberg
Beta measures how closely hedges the fund is to track Bitcoin’s movement. If the beta rises more than 1.0, the fund is more than the price of the BTC. On the contrary, if the beta fall below 1.0, the fund moves less than Bitcoin.
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This beta is currently at the highest level of four months. In other words, the hedge fund is a recent purchase opportunity for Bitcoin Deep, and we look forward to higher prices in the future, strengthening the price outlook of $ 120,000 as discussed above.
As reported by COINTELEGRAPH, $ 120,000+ was a popular goal in the summer of 2025.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.