Look at these Bitcoin price levels as BTC retests key $84K resistance

Bitcoin (BTC) set the requirement for traders to turn bullish by turning $83,000 at the Wall Street Open on March 14th.

BTC Price RSI teases key “bulging out”

Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD had increased by up to 5% the day before integration.

The distinctive lack of momentum at the start of the US trading session continued, with risk assets still being wary of macroeconomic and geopolitical surprises, particularly in the form of US trade tariffs.

Assessing the current situation on the daily BTC/USD charts, popular trader and analyst Rekt Capital reported an increased likelihood of bullish divergence playing on the relative strength index (RSI) metric.

Here, the RSI should produce a higher and lower value, as prices show dominance of the declined seller.

“There are promising early stages of bullish divergence,” he wrote in one of X’s Day posts.

“By regaining the previous $84,000 low, we can set a price to build more of this bullding.”

Another post flagged a key horizontal resistance line currently under attack from the Bulls.

“Bitcoin continues to close every day under blue resistance, but each rejection from this resistance appears to be weakened in terms of follow-through to its flaws,” commented Rekt Capital.

“If this weakening of resistance continues… this will open up an opportunity for BTC to eventually close this $84,000 resistance every day and retrieve it as support, and ultimately continue the trend.”

Meanwhile, Keith Alan, co-founder of Trading Resource Material Indicator, focuses on simple moving averages (SMAs) for 21 and 200 days. At the time of writing, these were $83,740 and $86,800 respectively.

“BTC is poised to do another run by regaining 200 days of MA, but only counts if it is persistently close to it, followed by an R/S flip over 21 days of MA,” reads X post on the topic.

Alan is looking to increase “bully momentum” by referring to one of his unique trading tools for material indicators.

“Note that the A1 slopeline in trend forecasts shows a changing momentum that is developing,” he commented along with the corresponding chart.

“Bringing back from downward momentum is step 1. From here, the bullish momentum needs to increase.

Gold leaves bitcoin in the dust

Elsewhere, the S&P 500 saw a welcome relief at open after officially launching a technical fix, dropping 10% from its latest all-time high.

Related: Bitcoin Panic Sales Costs New Investors $100 Million in 6 Weeks – Research

Meanwhile, Gold set a new record of over $3,000 per ounce as investors sought shelter from turbulent macro conditions.

As reported by Cointelegraph, Bitcoin has broken its key long-term trend line against gold as its relative performance in 2025 became even more prominent.

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.