According to recent analysis, Bitcoin (BTC) continues its long-term upward trajectory, forming higher highs and higher lows while maintaining its multi-year support trendline. The Relative Strength Index (RSI) recently retested levels from Q3 2023 and August 2024, historically significant crash points indicating potential bottom formations. This resilience suggests potential bullish opportunities for traders focusing on Bitcoin's strength indicators and support levels.

According to Omkar Godbole, a renowned financial analyst, the Bitcoin ($BTC) downtrend may have concluded, as recent technical indicators suggest a potential reversal. Godbole highlights the importance of Bitcoin's recent price movements, which have shown resilience against macroeconomic pressures, implying a stabilization in the market. Traders should closely monitor key resistance levels and technical indicators such as the RSI and MACD, which currently suggest bullish momentum. Furthermore, Godbole emphasizes the role of institutional interest and regulatory news in influencing Bitcoin's trajectory, suggesting traders stay updated on these fronts for potential market shifts.

According to Liquidity Doctor (@doctortraderr), CrypNuevo (@CrypNuevo) is the single influencer to follow for Bitcoin (BTC) analysis, referring to him as the 'only & only Market cheater'. This recommendation suggests that CrypNuevo's insights are highly valued for trading decisions in the cryptocurrency market.