hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was once again trading above the 26,000 level in today’s session, as markets prepared for the upcoming U.S. inflation report.
Following a low of 25,781.12 on Tuesday, BTC/USD rose to an intraday peak of 26,451.94 earlier in the day.
The move comes as the world’s largest cryptocurrency continued to move away from a recent three-month low.
Wednesday’s surge in price comes as the 14-day relative strength index (RSI) jumped past a ceiling of 44.00.
the index is tracking at a reading of 47.23, with the next visible point of resistance at the 50.00 mark.
If this level is reached, there is a good chance that BTC will be trading closer to 27,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Bitcoin was once again trading above the 26,000 level in today’s session, as markets prepared for the upcoming U.S. inflation report.
Following a low of 25,781.12 on Tuesday, BTC/USD rose to an intraday peak of 26,451.94 earlier in the day.
The move comes as the world’s largest cryptocurrency continued to move away from a recent three-month low.
Wednesday’s surge in price comes as the 14-day relative strength index (RSI) jumped past a ceiling of 44.00.
the index is tracking at a reading of 47.23, with the next visible point of resistance at the 50.00 mark.
If this level is reached, there is a good chance that BTC will be trading closer to 27,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
