Bitcoin’s 2025 downtrend line was violated earlier this month
Bitcoin’s 2025 downtrend line was violated earlier this month: Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch
Bitcoin could rise back toward $100,000 if this happens, as dollar and stocks fall while gold rises
From the technical perspective, bitcoin’s 2025 downtrend line was violated earlier this month while the relative strength index, a momentum indicator, showed a bullish divergence, according to Tyler Richey, technical analyst and co-editor at the Sevens Report. It suggests that bitcoin may see a rise back toward $100,000 if the market can break above its highs in late March at near $88,000, Richey said.
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