Bitcoin (BTC) RSI Signals Point to Bearish Continuation

Bitcoin (BTC) saw a slight increase at the opening of Wall Street on March 31 as traders remained cautious about the short-term price outlook. The price of BTC/USD on Bitstamp reached a local high of $83,914, with a 1.5% increase for the day. Market momentum was influenced by upcoming US trade tariffs and gold prices reaching all-time highs. Analysts expressed caution regarding the BTC price action, with some predicting a return to levels around $80,000. The correlation between Bitcoin and US stocks was highlighted in a recent report by Bitfinex.