Bitcoin and TradFi markets shook off geopolitical macros last week as the largest crypto by market cap sealed its highest weekly close since January, briefly reclaiming $43,000.
At the moment, Bitcoin needs to successfully capture levels near $43,000 to guarantee further upside. Regardless, bullish signals keep coming thick and fast while bearish analyses are few and far between.
A potential breakout scenario seems to be forming for the RSI as we can see in the chart above. Bitcoin is on course to make a rare higher high (if the momentum continues) and the RSI could confirm a breakout in coming sessions.
If BTC breaks $42,600, $46,000 will be the next level to contend with. If it fails to break out, the $40,300 level could well become Bitcoin's comfort zone, a level that previously acted as resistance.