Bitcoin Uptrend Confirmed as RSI Hits 66, Here’s Key Price Target to Watch

The Bitcoin BTC price Relative Strength Index (RSI) has reached 66, showing a clear uptrend as of November 2, 2025.

Analyst PlanB shared the update while Bitcoin trades near $110,031. Investors are closely watching the $112,000 level, as stronger liquidity supports the market’s next move.

RSI Reading Shows Bitcoin Price Still in an Uptrend

Bitcoin price RSI now stands at 66, according to Stock to Flow (S2F) creator, PlanB. The RSI measures the speed and strength of price movements.

A reading above this typically indicates a positive trend. This shows that Bitcoin BTC is still in a steady phase of growth, even after recent small pullbacks.

On November 2, Bitcoin was priced at around $$110,421.68, showing a slight increase of 0.29% over the past day.

The market capitalization is approximately $2.2 trillion, while trading volume has decreased by 34.25% to $30.71 billion.

It is worth noting that market watchers say the RSI level confirms that momentum remains in Bitcoin’s favor.

In addition to the aforementioned, when the RSI stays above 60, it often suggests that buyers are still active.

This means traders may continue holding or adding to their positions, expecting more growth in the months ahead.

PlanB’s update adds to the view that Bitcoin BTC’s current path is consistent with earlier stages of past upcycles.

The RSI strength indicates that, even during price pauses, the overall trend remains positive.

Investor Liquidity Adds Support Beneath the Surface

Analyst Willy Woo commented that, although Bitcoin’s chart may appear cautious, investor liquidity remains strong.

This means there is enough buying power and holding confidence in the market.

Essentially, strong liquidity helps prevent sharp drops because investors are less likely to rush to sell.

Woo also noted that the Bitcoin BTC structure, while tested in recent months, has not broken down.

This ongoing support may explain why the cryptocurrency remains stable even when the Bitcoin USD price does not rise as fast.

Based on past observation, liquidity strength is often linked to increased institutional involvement.

The growth of Exchange-Traded Funds (ETFs) and regulated trading options has made it easier for large investors to participate in the market.

Meanwhile, many investors are also looking ahead to the next halving event, which reduces the rate at which new Bitcoin is issued.

Historically, such events have limited supply and supported higher prices.

Combined with growing institutional demand, this could help Bitcoin BTC maintain its long-term uptrend.

Key Bitcoin BTC Price Levels Traders Are Watching in 2025

Analyst Ted Pillows said Bitcoin price needs to reclaim the $112,000 level with strong trading volume for the rally to continue.

If the market fails to reach that point, a deeper correction could follow. This makes the $112,000 mark a key short-term target.

Forecasts for 2025 suggest Bitcoin BTC could trade between $110,532 and $144,959, averaging about $125,727.

This would represent a potential gain of approximately 32% from the current BTC price, assuming stable conditions remain.

Additionally, another important level is around $115,000, where resistance may emerge before a larger move higher.

If Bitcoin BTC price manages to hold above this zone, analysts expect a stronger advance toward the upper end of the 2025 range.

On a broader perspective, some market analysts are speculating that the largest digital asset, Bitcoin, could reach $267,000

Based on their analysis, this could happen if adoption continues to expand among companies and nations.

For now, though, traders are focused on near-term levels. The market remains in a healthy phase, despite brief slowdowns.

Holding above $110,000 and breaking through $112,000 could confirm that the uptrend is still intact as 2025 progresses.