{"id":3693,"date":"2025-03-26T05:11:11","date_gmt":"2025-03-26T05:11:11","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-breaks-daily-rsi-downtrend-but-analyst-warns-of-strong-resistance-ahead\/"},"modified":"2025-03-26T05:11:11","modified_gmt":"2025-03-26T05:11:11","slug":"bitcoin-breaks-daily-rsi-downtrend-but-analyst-warns-of-strong-resistance-ahead","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-breaks-daily-rsi-downtrend-but-analyst-warns-of-strong-resistance-ahead\/","title":{"rendered":"Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead"},"content":{"rendered":"

After hitting a low of nearly $76,000 on March 10, Bitcoin (BTC) has finally broken its daily Relative Strength Index (RSI) downtrend, now trading in the high $80,000s at the time of writing. However, crypto analyst Ali Martinez warns that strong resistance may lie ahead.<\/p>\n

Bitcoin Finally Breaks Daily RSI Downtrend<\/h2>\n

In a recent X post<\/a>, crypto analyst Rekt Capital highlighted that BTC has broken through a multi-month RSI downtrend. The analyst shared a Bitcoin daily chart, showing how the leading cryptocurrency\u2019s RSI has broken free from a prolonged downtrend that began at the start of the year.<\/p>\n

\"rekt<\/p>\n

For the uninitiated, the RSI is a momentum indicator that suggests when the underlying asset – in this case, BTC – may be overbought or oversold. A rising RSI after sustained downtrend can indicate growing bullish momentum and a possible trend reversal.<\/p>\n

Fellow crypto analyst Merlijn The Trader echoed Rekt Capital\u2019s analysis, stating that the RSI breakout confirms bullish momentum and could pave the way for a significant price rally.<\/p>\n

\"merlijn\"<\/p>\n

Another key indicator turned bullish this week – the Bitcoin Hash Ribbons. In an X post, crypto analyst Robert Mercer noted:<\/p>\n

\n

One of the most accurate mid-term indicator is bullish now. Expecting BTC to go back above $100,000 in Q2 of 2025!<\/p>\n<\/blockquote>\n

\"robert\"<\/p>\n

To explain, the Hash Ribbons indicator turning bullish signals that Bitcoin miners – after a period of capitulation – are returning to the network, suggesting mining recovery and reduced selling pressure. This often marks a strong buy signal, and has historically aligned with the end of bear markets and the start of new uptrends.<\/p>\n

Analyst Warns Of Stiff Resistance Ahead<\/h2>\n

Despite BTC\u2019s more than 15% surge from its March 10 low, seasoned analyst Ali Martinez cautions that the top digital asset is likely to encounter strong resistance around the $89,000 level. Martinez explained:<\/p>\n

\n

Bitcoin $BTC faces a key resistance cluster at $89,000, where the 50-day moving average and the descending trendline from the all-time high converge.<\/p>\n<\/blockquote>\n

\"ali\"<\/p>\n

That said, several positive macroeconomic factors could support BTC\u2019s bullish momentum. In a recent analysis, crypto analyst The M2 Guy emphasized that the expanding M2 money supply is likely to benefit risk-on assets like BTC.<\/p>\n

However, other cryptocurrency analysts – such as Maartunn – argued that BTC must decisively clear the $87,000 price level to have a shot at sustained upward price movement. At press time, BTC trades at $87,674, down 0.7% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

After hitting a low of nearly $76,000 on March 10, Bitcoin (BTC) has finally broken its daily Relative Strength Index (RSI) downtrend, now trading in the high $80,000s at the time of writing. However, crypto analyst Ali Martinez warns that strong resistance may lie ahead. Bitcoin Finally Breaks Daily RSI Downtrend In a recent X…<\/p>\n","protected":false},"author":1,"featured_media":3694,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[65,111,73,71,19,254,2049,255,2050,2051,76],"class_list":["post-3693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-daily-rsi","tag-digital-asset","tag-hash-ribbons","tag-price-resistance","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3693"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3694"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}