Watch these Bitcoin price levels as BTC retests key $84K resistance 📈
Bitcoin is currently hovering around the $83,000 mark, with investors closely watching as it nears the key $84,000 resistance level. Analysts observe early signs of a bullish divergence developing on the relative strength index (RSI), suggestive of decreasing seller dominance.
Rekt Capital notes that each encounter with the resistance weakens, which could eventually allow BTC to close above $84K and gain support. In parallel, Keith Alan emphasizes the importance of surpassing the 21-day and 200-day simple moving averages to ensure sustained bullish momentum.
Amid Bitcoin's market movements, gold achieves record highs over $3,000 per ounce, reflecting its appeal as a safe haven during volatile times. Investors weigh Bitcoin's performance against gold as the latter breaches new benchmarks.
The narrative of Bitcoin versus gold gains attention as Bitcoin breaks a long-term trendline, pointing to its underperformance against gold in 2025. The struggle for Bitcoin to surpass the $84K mark continues as analysts note technical patterns that could signal an impending bullish trend.
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Bitcoin Could Approach $100,000 If Bullish Momentum Continues Amid Rising Technical Indicators
