Bitcoin (BTC) hovered around $83,000 at the opening of Wall Street on March 14 as traders outlined their criteria for adopting a more optimistic stance.
BTC/USD 1-hour chart.
BTC price RSI hints at significant “bullish divergence”
Figures from Markets Pro and another trading platform indicated that BTC/USD experienced a gain of up to 5% earlier in the day before settling down.
At the beginning of the US trading session, there was a notable absence of momentum, as risk assets remained cautious in light of potential macroeconomic and geopolitical developments, particularly relating to US trade tariffs.
An evaluation of the current situation on the daily BTC/USD chart revealed that popular trader and analyst Rekt Capital has noted increasing potential for a bullish divergence to occur on the relative strength index (RSI).
In this scenario, the RSI is expected to form higher lows while the price creates lower lows, suggesting a decrease in seller pressure.
“Early signs of a developing Bullish Divergence look promising,” he remarked in a social media post.
“Reclaiming the previous lows of $84k could pave the way for price to further develop this Bull Div.”
BTC/USD 1-day chart with RSI data.
A recent message highlighted a crucial horizontal resistance line currently being challenged by bulls.
“Bitcoin continues to register Daily Closures below the blue resistance. However, each rejection from this level seems to be losing strength in terms of downward momentum,” Rekt Capital observed.
“Should this weakening in resistance continue… it could open the door for BTC to finally close above the $84k resistance, turn it into support, and maintain an upward trend.”
BTC/USD 1-day chart with RSI data.
Keith Alan, co-founder of a trading insights platform, was also analyzing the 21-day and 200-day simple moving averages (SMAs). As it stood, these averages were at $83,740 and $86,800, respectively.
“BTC appears to be gearing up for another attempt to reclaim the 200-Day MA, but this only counts if we achieve a sustained close above it, AND are closely followed by an R/S Flip at the 21-Day MA,” he noted in a social media update.
BTC/USD 1-day chart with 21, 200SMA.
Alan made reference to one of his platform’s trading tools, predicting an uptick in “bullish momentum.”
“Take note of how Trend Precognition’s A1 Slope line is indicating a potential momentum shift,” he stated alongside an accompanying chart.
“Reversing from a downward momentum is just the first step. We need to see an increase in bullish momentum from this point, with bids rising to facilitate a sustainable rally.”
BTC/USD 1-day chart.
Gold outperforms Bitcoin
In other market news, the S&P 500 received a positive boost at the market open after a decline of 10% from its recent all-time highs marked the start of a technical correction.
Related: Bitcoin panic selling costs new investors $100M in 6 weeks — Research
Simultaneously, gold surged to new record levels of over $3,000 per ounce as investors sought refuge from the prevailing macroeconomic tensions.
As previously reported, Bitcoin breached a critical long-term trend line against gold, highlighting its relative underperformance in 2025.
XAU/USD 1-day chart.
This article does not offer investment advice or recommendations. All investment and trading actions carry risks, and readers should perform their own research prior to making decisions.