BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS

2023년 2월 22일

Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Wednesday, as markets began to anticipate the upcoming FOMC minutes report.

Today’s report will shed light on the Federal Reserve’s current view of the U.S. economy, in light of last month’s 25-basis-point hike.

As a result, BTC/USD fell to an intraday low of $23,902.54 on hump day, less than 24 hours after hitting a high of $24,824.10.

The decline comes following two breakouts, first the 14-day relative strength index (RSI) moving below a support point at 61.00, plus prices falling under $24,200.

Currently, the index is tracking at a reading of 59.24, which is its weakest point since February 14.

A floor at 58.00 awaits remaining bulls, which could potentially help ease the current bleeding in prices.

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