Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead

After hitting a low of nearly $76,000 on March 10, Bitcoin (BTC) has finally broken its daily Relative Strength Index (RSI) downtrend, now trading in the high $80,000s at the time of writing. However, crypto analyst Ali Martinez warns that strong resistance may lie ahead. Bitcoin Finally Breaks Daily RSI Downtrend In a recent X post, crypto analyst Rekt Capital highlighted that BTC has broken through a multi-month RSI downtrend. The analyst shared a Bitcoin daily chart, showing how the leading cryptocurrency’s RSI has broken free from a prolonged downtrend that began at the start of the year source: https://www.newsbtc.com/bitcoin-news/bitcoin-breaks-daily-rsi-downtrend-but-analyst-warns-of-strong-resistance-ahead/