Bitcoin (BTC) surged to $85,000 during the March 23 weekly close amid anticipation of a significant trend shift. Cointelegraph Markets Pro and TradingView data indicated that BTC\/USD showed strength over the weekend, gaining 1.5% for the day in line with the broader cryptocurrency market. Traders, including Daan Crypto Trades, observed CME Group’s Bitcoin futures closing position to gauge the market’s direction for the next major move. Rekt Capital highlighted positive breakout indicators on Bitcoin’s Relative Strength Index (RSI) on daily timeframes, suggesting a retest of the downtrend dating back to November 2024. Analyst Matthew Hyland noted that BTC\/USD was on the verge of confirming a bullish RSI divergence on weekly timeframes for the first time in six months. Stockmoney Lizards dismissed concerns of a long-term bear market, citing a local bottom at $76,000 as an indicator of the ongoing uptrend. They emphasized that despite market fluctuations, the long-term trend channel remained intact. While the duration of the correction remained uncertain, Stockmoney Lizards estimated a possible return to a bullish trend within a couple of weeks. This analysis serves as information and not investment advice, urging readers to conduct their own research before making any financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) surged to $85,000 during the March 23 weekly close amid anticipation of a significant trend shift. Cointelegraph Markets Pro and TradingView data indicated that BTC\/USD showed strength over the weekend, gaining 1.5% for the day in line with the broader cryptocurrency market. Traders, including Daan Crypto Trades, observed CME Group’s Bitcoin futures closing […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81170"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=81170"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81170\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=81170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=81170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=81170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}