Bitcoin is positioned for its first key RSI breakout in 6 months at $85K

From Cointelegraph

March 23, 2025 12:30 PM:

Bitcoin (BTC) reached $85,000 by the March 23 weekly close as traders anticipated a key trend change. The RSI setup for BTC/USD looked promising, with Bitcoin up 1.5% during weekend trading. Popular analysts predicted a potential push higher into the monthly close, with signs of a bullish RSI divergence on daily and weekly timeframes.

Analysts like Daan Crypto Trades, Rekt Capital, and Matthew Hyland shared their insights on Bitcoin’s price movement. Despite recent fluctuations, Stockmoney Lizards remained optimistic about Bitcoin’s long-term trend, emphasizing a local bottom at $76,000. While a return to a bull market may take some time, the overall uptrend remains intact according to historical data.

Stockmoney Lizards suggested that the current correction does not invalidate Bitcoin’s uptrend, highlighting the importance of monitoring news and macroeconomic signals for potential market shifts. While the duration of the correction remains uncertain, the trading team estimated a possible return to a bull market in a couple of weeks. Readers are advised to conduct their own research before making investment decisions.

Read more at Cointelegraph: Bitcoin ‘in position’ for first key RSI breakout in 6 months at $85K