Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell from a nine-month high on Wednesday, following yesterday’s post-U.S.-inflation-report rally.
BTC/USD is trading at $24,858.50 at the time of writing, hours after prices surged to a peak of $26,514.72.
Tuesday’s peak saw the world’s largest cryptocurrency hit its most vital point since June 13, when BTC was above $26,600.
Earlier gains have since fallen, which comes as a result of the 14-day relative strength index (RSI) nearing a ceiling of 65.00
Currently, the index is tracking at 63.07, however, overall momentum remains higher, with the 10-day (red) moving average trending upwards.
Should the ceiling of 65.00 be eventually broken, bulls will likely push BTC to a higher resistance level at $28,000.
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 ( BTC ) fell from a nine-month high on Wednesday, following yesterday’s post-U.S.-inflation-report rally.
BTC/USD is trading at $24,858.50 at the time of writing, hours after prices surged to a peak of $26,514.72.
Tuesday’s peak saw the world’s largest cryptocurrency hit its most vital point since June 13, when BTC was above $26,600.
Earlier gains have since fallen, which comes as a result of the 14-day relative strength index (RSI) nearing a ceiling of 65.00
Currently, the index is tracking at 63.07, however, overall momentum remains higher, with the 10-day (red) moving average trending upwards.
Should the ceiling of 65.00 be eventually broken, bulls will likely push BTC to a higher resistance level at $28,000.
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.
