Veteran analyst Alessio Rastani is making a bold call, saying that Bitcoin (BTC) is setting up for a powerful upward move. He gave the optimistic outlook with the flagship cryptocurrency trading at around $91,000, up more than 6% in the last seven days, but almost 28% away from its October all-time high (ATH) above $126,000.

The trader’s conviction is rooted in a combination of a classic technical signal and overwhelming negative sentiment, which he believes are creating the perfect conditions for a rebound.

Veteran analyst Alessio Rastani is making a bold call, saying that Bitcoin (BTC) is setting up for a powerful upward move. He gave the optimistic outlook with the flagship cryptocurrency trading at around $91,000, up more than 6% in the last seven days, but almost 28% away from its October all-time high (ATH) above $126,000.

The trader’s conviction is rooted in a combination of a classic technical signal and overwhelming negative sentiment, which he believes are creating the perfect conditions for a rebound.