Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) moved back above $24,000 on Thursday, as cryptocurrency markets rebounded following the latest FOMC minutes.
Following a low of $23,644.32 on Wednesday, BTC/USD surged to an intraday high of $24,572.09 earlier in the day.
As a result of this, the world’s largest cryptocurrency broke out of a key resistance level at the $24,200 point.
This rebound also came as the 14-day relative strength index (RSI), bounced from a floor of its own at 59.00
Currently, the index is tracking at a reading of 59.90, with the next visible point of resistance at the 66.00 zone.
Should bulls attempt to reach this level, there is a strong chance that bitcoin will be trading above $25,000.
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 ) moved back above $24,000 on Thursday, as cryptocurrency markets rebounded following the latest FOMC minutes.
Following a low of $23,644.32 on Wednesday, BTC/USD surged to an intraday high of $24,572.09 earlier in the day.
As a result of this, the world’s largest cryptocurrency broke out of a key resistance level at the $24,200 point.
This rebound also came as the 14-day relative strength index (RSI), bounced from a floor of its own at 59.00
Currently, the index is tracking at a reading of 59.90, with the next visible point of resistance at the 66.00 zone.
Should bulls attempt to reach this level, there is a strong chance that bitcoin will be trading above $25,000.
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.
