Bitcoin (BTC) RSI Signals Point to Bearish Continuation
Bitcoin (BTC) saw a slight increase at the opening of Wall Street on March 31 as traders remained cautious about the short-term price outlook. The price of BTC/USD on Bitstamp reached a local high of $83,914, with a 1.5% increase for the day. Market momentum was influenced by upcoming US trade tariffs and gold prices reaching all-time highs. Analysts expressed caution regarding the BTC price action, with some predicting a return to levels around $80,000. The correlation between Bitcoin and US stocks was highlighted in a recent report by Bitfinex.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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