Bitcoin (Btc) ticked ticked on March 31 Wall Street tomorrow as entrepreneurs have remained dangerous-averse on a short-term BTC price perspective.
BTC/USD 1-Hour chart. Source: Cointelegraph/TradingView
Bitcoin RSI is teasing the bearish continuation
Data from Cointelegraph Markets Pro and Tradingview Demonstrated locals high $ 83,914 on Bitstamp, with BTC/USD up to 1.5% in the day.
At times to go up to the quarterly candle close, Bitcoin saw some necessary relief, even though US stocks were lower.
The market momentum has remained tied to the upcoming US trade tariffs that are set to survive on April 2, with gold also slipping after touching fresh all-time highs of $ 3,128 per ounce.
Xau/USD 1-hour chart. Source: Cointelegraph/TradingView
Commenting on the BTC price action, many market participants however favored caution.
“Retesting our 84K area of interest,” the famous businessman Roman wrote to him Latest X Analysis of the 4 -hour BTC/USD chart.
Roman refers to the index of KaMag -Son of Strength (RSI) while forecasting a return to levels closer to $ 80,000 mark.
“To me it looks like we should start lowering the head as we have a break down and bearish retest at the LTF,” he continued.
“The RSI also retests in 50 areas with excessive uprising.
BTC/USD 4 hour chart with RSI data. Source: Roman/x
Famous businessman and analyst rectual capital went on to RSI signals, announcing a support to retest in the sun -day time after a Key breakout from a multimonth dowrend.
“The $ BTC RSI is trying to retest its downtrend in support. Meanwhile the BTC price action is also faced with a downtrend,” he Summary to followers of x.
“If the RSI has successfully been —rests its downtrend … which will show emerging strength and price can break its own collapse.”
BTC/USD 1-day chart with RSI data. Source: Rek Capital/X.
Earlier, Cointelegraph reported With various BTC price measurements combined to produce a picture deficiency of the current stage of the bull market, indicating that the correction will continue.
BTC price targets, meanwhile, today Expand to $ 65,000with predicting platforms visible even less.
BTC price analysis gets comparisons in late 2024
Both March and Q1 performance so that many are left to want.
Related: Worst Q1 for BTC prices since 2018: 5 things to know in Bitcoin this week
Amid a widespread lack of reversed catalysts, BTC/USD exchanged 10.8% year-to-date at the time of writing and 1.1% lower for March, per data from resource monitoring Coinglass.
BTC/USD Monthly Return (Screenshot). Source: Coinglass
In the latest Analytics report, ”Bitfinex Alpha“Released on March 31, the Crypto Exchange Bitfinex recognized that 2025 was the worst quarter of Bitcoin in the years.
“Any purchase momentum is currently being caught at a level of $ 89,000 -with the previous set of lows visible in December 2024, and acting as a stable level of resistance to further gains,” the contributors have been observed.
“This resistance also coincides with the additional downside to the equities, with S&P 500 closing the week 1.5 percent lower.”
BTC/USD 1-week chart (screenshot). Source: Bitfinex
The report featured a growing relationship between Bitcoin and US stocks.
“Despite the excitement, price action in recent weeks has appeared to have carved a range of integration between $ 78,000 and $ 88,000. Interestingly, the signs of capitulation are easing, with fewer reactive sellers present and long-term holder starting to accumulate once more,” he added.
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