<ul><li>Bitcoin experienced an explosive surge, reaching a new all-time high at $89,980.</li><li>Renowned trader Cheds notes that Bitcoin's weekly RSI is nearing the 'overbought' zone, which historically indicates bullish momentum.</li><li>Investors are anticipating a possible pullback for fresh positions, but the current price action remains bullish.</li><li>Bitcoin's price structure suggests it may target the $100,000 milestone, with a potential retracement to establish a robust demand base.</li></ul>

Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80%

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