Bitcoin (BTC) ticked higher at the March 31 Wall Street open as traders stayed risk-averse on the short-term BTC price outlook.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin RSI teases bearish continuation
Data from Cointelegraph Markets Pro and TradingView showed local highs of $83,914 on Bitstamp, with BTC/USD up 1.5% on the day.
With hours to go until the quarterly candle close, Bitcoin saw some much-needed relief, even as US stocks opened lower.
Market momentum remained tied to upcoming US trade tariffs set to go live on April 2, with gold also slipping after touching fresh all-time highs of $3,128 per ounce.
XAU/USD 1-hour chart. Source: Cointelegraph/TradingView
Commenting on BTC price action, many market participants nonetheless favored caution.
“Retesting our 84k area of interest,” popular trader Roman wrote in his latest X analysis of the 4-hour BTC/USD chart.
Roman referenced