Bitcoin (BTC) circled $83,000 at the March 14 Wall Street open as traders set out requirements to flip bullish.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
BTC price RSI teases key “bullish divergence”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining up to 5% on the day before consolidating.
A characteristic lack of momentum at the start of the US trading session persisted, with risk assets still wary of macroeconomic and geopolitical surprises, notably in the form of US trade tariffs.
Assessing the current status quo on the daily BTC/USD chart, popular trader and analyst Rekt Capital reported increasing odds of a bullish divergence playing out on the relative strength index (RSI) metric.
Here, RSI should make higher lows as the price forms lower lows to indicate waning seller dominance.
“Promising early-stage