Bitcoin (BTC) set new nine-month highs overnight on March 30 as traders continued to stay cautious.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

"Deviation" takes BTC price closer to $30,0

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $29,170 on Bitstamp.

A rejection entered almost immediately, sending the pair back to its starting point and causing already suspicious market participants to call a “fakeout.”

“Nothing has changed- yea we got a nice little pop above the highs but this was expected,” popular trader Credible Crypto wrote in part of a Twitter reaction, calling the move a “deviation.”

BTC/USD annotated chart. Source: Credible Crypto/ Twitter

Fellow trader Crypto Chase likewise applied the “deviation” tag, calling for $29,000 to hold in order to consider long positions.