Watch these Bitcoin price levels as BTC retests key $84K resistance

Bitcoin (BTC) circled $83,000 on the March 14 Wall Avenue open as merchants set out necessities to flip bullish.

BTC value RSI teases key “bullish divergence”

Information from Cointelegraph Markets Professional and TradingView confirmed BTC/USD gaining as much as 5% on the day earlier than consolidating.

A attribute lack of momentum at first of the US buying and selling session continued, with threat property nonetheless cautious of macroeconomic and geopolitical surprises, notably within the type of US commerce tariffs.

Assessing the present established order on the day by day BTC/USD chart, fashionable dealer and analyst Rekt Capital reported rising odds of a bullish divergence enjoying out on the relative power index (RSI) metric.

Right here, RSI ought to make larger lows as the worth varieties decrease lows to point waning vendor dominance.

“Promising early-stage indicators of a Bullish Divergence growing,” he wrote in one of many day’s posts on X.

“Reclaiming the earlier lows of $84k might set value as much as additional construct out this Bull Div.”

One other submit flagged a key horizontal resistance line at the moment beneath assault from bulls.

“Bitcoin continues to Day by day Shut beneath the blue resistance. Nonetheless, every rejection from this resistance seems to be weakening by way of follow-through to the draw back,” Rekt Capital commented.

“If this weakening within the resistance persists… This could open up the chance for BTC to lastly Day by day Shut above this $84k resistance, reclaim it as assist, and at last development proceed to the upside.”

Keith Alan, co-founder of buying and selling useful resource Materials Indicators, in the meantime centered on the 21-day and 200-day easy transferring averages (SMAs). On the time of writing, these stood at $83,740 and $86,800, respectively.

“BTC is poised to make one other run at reclaiming the 200-Day MA, however it is going to solely rely if we get a sustained shut above it, AND it’s carefully adopted by an R/S Flip on the 21-Day MA,” an X submit on the subject learn.

Alan referenced certainly one of Materials Indicators’ proprietary buying and selling instruments, calling for a rise in “bullish momentum.”

“Discover how Pattern Precognition’s A1 Slope line is exhibiting a growing momentum shift,” he commented alongside a corresponding chart. 

“Reverting from downward momentum is step 1. We have to see a rise in bullish momentum from right here, with bids transferring larger to stage a sustainable rally.”

Gold leaves Bitcoin within the mud

Elsewhere, the S&P 500 noticed some welcome aid on the open after dropping 10% from its newest all-time highs to formally start a technical correction.

Associated: Bitcoin panic promoting prices new buyers $100M in 6 weeks — Analysis

In the meantime, gold set new file highs of over $3,000 per ounce as buyers sought shelter from turbulent macro situations.

As Cointelegraph reported, Bitcoin broke a key long-term trendline in opposition to gold as its relative underperformance in 2025 grew to become all of the extra seen.

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.