Bitcoin (BTC), currently trading at approximately $63,041, appears to be setting the stage for a potential breakout, according to recent analysis utilizing two classic indicators.

In a recent analysis shared on X (formerly Twitter), prominent trader Roman highlighted a developing bullish scenario for BTC/USD. Despite disappointing hodlers through much of June, Bitcoin continues to show strength on higher timeframes, presenting a promising outlook.

Some analysts argue that Bitcoin's current price action, consolidating below all-time highs, reflects typical behavior seen in bull markets, which can last for extended periods. Roman, however, sees signs of an imminent return to earlier robust performance.

Roman pointed to bullish divergences forming between price and the Relative Strength Index (RSI) on the weekly chart, alongside tightening Bollinger Bands. This setup suggests an impending increase in volatility and potentially significant price movement.

According to Roman's analysis, if these indicators play out as expected, Bitcoin could aim for new all-time highs, with a target price potentially exceeding $90,000. He emphasized the importance of monitoring the weekly close for further confirmation of bullish momentum.

Meanwhile, other predictions for Bitcoin's price performance in June, including targets of $80,000 and $95,000, face challenges as the market dynamics unfold. However, sentiment remains positive among traders like Daan Crypto Trades, who believe that favorable macroeconomic conditions, such as record highs in U.S. equities and declining bond yields, could propel Bitcoin to new heights in the near term.

As of the latest update, BTC/USD was trading around $64,300, according to data from Cointelegraph Markets Pro and TradingView.