Bitcoin Price Analysis of the Last 24 Hours
Bitcoin has been on a gradual bullish trend in the past few days. The last 24 hours have been no different, capitalizing further on the bullish momentum thus far. Bitcoin was trading at $83,875 at the beginning of the day. As the day progressed, Bitcoin climbed upward, recovering from an oversold RSI. A very gentle uptrend commenced, as the BTC price reached $84,330 by 10:40 UTC. Around the same time, a golden cross appeared as Bitcoin spiked slightly upward, and entered an ascending channel. The channel took the BTC price to $85,400 by 17:30 UTC.
The price eventually broke out downward, as an uptrend commenced, taking BTC all the way up to $86,623 by 00:30 UTC on March 24.

Chart 1: analyzed by raodevansh18, published on TradingView, March 24, 2025
The RSI’s foray into overbought levels corroborated a serious price drop, taking Bitcoin steep, but the buying pressure soon came to the rescue, taking Bitcoin upwards from $85,360. The steep uptrend continued, taking BTC up to $87,868 by 10:50 UTC. The price at the end seemed to be breaking out of the upward channel.
