NEWSLETTER
bitcoin (btc) surrounded $ 85,000 at the weekly closure of March 23 as the emotion for a key trend change prepared.
btc/USD Table 1 hour. Source: cointelegraph/tradingView
bitcoin Price meets RSI's decisive configuration
Co -Intelegraph Markets Pro and Commercial view He showed btc/USD finding strength during weekend trade.
1.5% in the day, bitcoin exceeded as part of a wide increase in the cryptography market, which also raised several important alternatives.
“I think this week will tell where the market wants to go for the next higher time movement,” the popular merchant Daan crypto exchange <a target="_blank" data-ct-non-breakable="null" href="https://x.com/DaanCrypto/status/1903779007214268831″ rel=”null” target=”null” text=”null” title=”null”>wrote In part of his latest analysis x, pointing out the closing position of the bitcoin futures of CME Group.
The publication echoed the broader feeling of the market when the merchants observed the potential of a new higher impulse in the monthly closure.
The popular merchant and Rekt Capital analyst reiterated encouraging break -up signs in the daily deadlines for the bitcoin Relative Force Index (RSI).
“The Daily RSI is showing early signs of repeating the bearish trend dating from November 2024 as a new support,” he <a target="_blank" data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1903796886340772338″ rel=”null” target=”null” text=”null” title=”null”>reported.
However, for the partner analyst Matthew Hyland, current price levels were deepest.
For the first time in six months, he revealed the day that btc/USD was about to seal a key RSI divergence in the weekly deadlines.
“btc can make a weekly optimized divergence for the first time since September night,” he <a target="_blank" data-ct-non-breakable="null" href="https://x.com/MatthewHyland_/status/1903801996781424669″ rel=”null” target=”null” text=”null” title=”null”>confirmed In x.
“Currently in position.”
Broid market to return in “A couple of weeks?”
In other places, the Stockmoney Lizard Commerce team shrugged from the idea that bitcoin risked to enter a long -term bearish market.
Related: Here's why bitcoin Price can't go higher than $ 87.5k
The local fund, he told x followers in his latest market analysis, was $ 76,000, a level already reviewed earlier this month.
“While many are panic and declare a bearish market, the long -term trend channel (green lines) remains firmly intact,” is <a target="_blank" data-ct-non-breakable="null" href="https://x.com/StockmoneyL/status/1900963975946203433″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/StockmoneyL/status/1900963975946203433″>summarized Next to a table that shows the btc price fluctuations around an average trend line during the upward markets.
“This correction does not invalidate the upward trend, confirms it.”
Stockmoney Lizards acknowledged that the Upside continuation can take some time.
“This test does not guarantee an immediate bomb, but the history indicates that we are approaching a background area,” he concluded.
“How long is this? Well, nobody knows. In these days, news, macroeconomic signals, etc. can determine the duration of our correction. Educated divination: a couple of weeks.”
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
