Bitcoin 'in position' for first key RSI breakout in 6 months at $85K
Sunday, 23 March 2025 ()
Bitcoin (BTC) circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
*Bitcoin price meets decisive RSI setup*
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding strength during weekend trading.
Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins.
βI think this next week will be telling where the market wants to head for the next higher timeframe move,β popular trader Daan Crypto Trades wrote in part of his latest X analysis, noting the closing position of CME Groupβs Bitcoin futures.
BTC/USD 15-minute chart. Source: Daan Crypto Trades/X
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