<ul><li>Bitcoin (BTC) saw a slight increase in price, reaching local highs of $83,914 on Bitstamp with a 1.5% gain for the day.</li><li>Traders are cautious as the price seems to be retesting the $84,000 area, with a bearish continuation suggested by the relative strength index (RSI) and stochastic oscillator.</li><li>The RSI on daily timeframes is attempting to retest its downtrend as support, which could indicate emerging strength if successful.</li><li>Some analysts predict further downside for BTC, with price targets extending to $65,000 amid a lackluster performance in March and Q1 of 2025.</li></ul>

Bitcoin trader issues 'overbought' warning as BTC price eyes $84K

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