Bitcoin ‘in place “for the first key Rsi Breakout in 6 months at 85 thousand dollars

Bitcoin (BTC) flew $ 85,000 in weekly closure on March 23 as a excitement about changing the main direction.

Bitcoin price meets the decisive RSI setting

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD showed a force during trading on the weekend.

An increase of 1.5 % a day, Bitcoin rose as part of the rise of the Crypto Broad market, which also raised many of the main altcoins.

“I think this next week will determine where the market wants to go to the next higher timeline step.” books In part of his last analysis of X, referring to the closing position of the future Bitcoin decades of the CME group.

The post repeated the broader market morale, as traders recorded the possibility of obtaining a new payment in the monthly closure.

Rekt Capital analyst reiterated the signs of encouraging collapse on the daily time frames of the RSI.

“The daily RSI displays the early signs of re -testing the declining direction that dates back to November 2024 as a new support,” is I mentioned.

For colleague Matthew Hilland, current price levels are deeper.

For the first time in six months, it revealed a day that BTC/USD was about to close the main bullish RSI on the weekly time frames.

“BTC can make a weekly difficult difference for the first time since September tonight,” certain On x.

“Currently in a situation.”

Valve market to return in “two weeks?”

Elsewhere, the Trading Team StockMuney Lizards team ignored the idea that Bitcoin risks the long -term bear entering.

Related to: This is why the bitcoin price cannot rise from 87.5 thousand dollars

She told X followers at the local bottom in its latest analysis on the market, amounting to $ 76,000 – a level that has already been reviewed earlier this month.

“While many feel panic and announce the bear market, the long -term direction channel (green lines) is still firmly sound.” summary Besides a scheme that shows BTC fluctuations around the medium trend line during the bull markets.

“This correction does not invalidate the bullish direction – it confirms this.”

Stockmony Lizards acknowledged that continuing to climb may take some time.

He concluded that “this test does not guarantee an immediate pump, but history indicates that we are approaching the bottom area.”

“How long does this take? Well, no one knows. These days, news, macroeconomic signs, etc., determine the duration of our correction. Exercise: a few weeks.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.