Bitcoin Analysis

• Bitcoin’s RSI shows bullish divergence, suggesting a potential price rebound if momentum strengthens.
• A breakout above $90,000 could trigger a rally toward $95,000–$100,000, while rejection may lead to another drop to $80,000.
• Despite negative histogram values, a slight positive shift suggests potential upside if buying pressure increases.

The current 12-hour period in Bitcoin price trends shows upward divergence, indicating an impending price movement upward. The RSI chart reveals bullish divergence because the price established a lower low while the RSI created a higher low pattern. Weak selling momentum combined with recent market data suggests a recovery may happen soon.

> 12h bullish divergence playing out.
> RSI back above the midlevel too.
> Reclaim $90,000 – and the real fun begins.
> — Jelle (@CryptoJelleNL) March 20, 2025

RSI indicators now rest above level 50, confirming bullish proposals. The price trend shows a rounded bottom pattern, providing evidence that a trend reversal is likely to occur. A major resistance tier lies at $90,000, matching a previous support zone that evolved into a resistance barrier. Successful recovery of $90,000 would create an opportunity for substantial market expansion.

Bitcoin Nears $90K – Breakout or Pullback?

Bitcoin stands at $83,964.36 with its 24-hour price movement spanning from $83,735.87 to $87,431.18. A rejection above $90,000 would likely spark a steep price rise toward $95,000–$100,000. A break above $80,000–$82,000 support could result in either price consolidation or another analysis of this price zone.

The combination of bullish divergence and rising RSI indicators suggests Bitcoin will recover back to $90,000 in the short term. A confirmed movement could generate potential growth toward $95,000–100,000 over the coming weeks. The price might retreat to $80,000 after rejection at $90,000 before conducting another upward movement.

Bitcoin Consolidates Amid Mixed Technical Indicators

Bitcoin RSI currently stands at 45.73, indicating that Bitcoin is neither overbought nor oversold, though it has room for potential upside or further decline. The histogram pattern from the MACD framework presents negative values at -2,148.44 and -2,713.04, revealing downward pressure in the market, but a positive value of 564.59 shows potential for a market reversal if buying activity intensifies.

Source: TradingView

The MACD technical indicators show a downward trend, supporting future short-term bearish trends until a bullish crossover emerges. Bitcoin remains in its consolidation phase with weak positive signals.