Bitcoin RSI cross could trigger a major bullish move, warns trader Tyler S. With a fresh signal on the weekly chart, Tyler S suggests Bitcoin may rally from $60K all the way to $83K, echoing historic surges.
Weekly RSI Cross: Historic Signal Returns
Tyler S, a trader, is pointing to a bullish RSI cross on the weekly chart for Bitcoin, something that has not been seen since the end of March. It is a technical signal with a history of preceding substantial price rallies; one need only look at 2025 and prior years when similar RSI crosses were followed by explosive action, sending prices from $49K to $110K or $75K to $125K.
With Bitcoin trading around $60K at present, Tyler S anticipates this could be the catalyst for a move up to $83K. Traders are taking note of the pattern’s return in hopes of gauging the next big move. The emergence of an RSI cross is always closely monitored by those in the market, given its tendency to herald a period of strong upward momentum.
Risky Short Positions Under Pressure
With a bullish RSI cross looming for Bitcoin, leveraged shorts are feeling the strain. Take the case of one trader who, as Tyler S notes, is running a short on about $50 million worth of Bitcoin at 40x leverage; that position is already down roughly $4 million. A move to $66K and the whole stake is at risk of being wiped out.
It is not hard to see why positions with this kind of leverage are so exposed when you have technical indicators like an RSI cross pointing to a change in the market’s direction. An anticipated breakout would put overleveraged shorts in line for quick liquidations and do much to stoke volatility in the price.
Technical Patterns and Political Developments
Tyler S has his eye on an inverse head and shoulders pattern taking shape on the daily chart, a development he sees as even more significant than the Bitcoin RSI cross. In his view, this is a textbook case for a breakout to the 200-day moving average, which would call for an 11 to 12 percent lift from current levels and put the bullish thesis on even firmer ground.
On the political front, President Trump will be sitting down with senators tomorrow over the Clarity Act. But Tyler S does not anticipate much in the way of progress from that meeting. The crypto market seems to have little interest in such developments; price action is being dictated by technicals, not Washington.
Source — Tyler S: https://www.youtube.com/watch?v=mBBEC_IDhhk
