Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) dropped below the 27,000 level in today’s session, pushing prices to a seven-week low.
Following a high of 27,589.92 on Thursday, BTC/USD slipped to an intraday bottom at 26,166.87.
As a result of this drop, bitcoin fell to its lowest level since March 17, when the price was below the 25,000 mark.
Overall, this latest sell-off coincided with the 14-day relative strength index (RSI) breaking out of yesterday’s floor of 43.00. price strength is tracking at 35.07, which is its lowest point in over two months.
Should momentum continue in this current trajectory, there is a possibility that BTC could move toward 25,000 this weekend.
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) dropped below the 27,000 level in today’s session, pushing prices to a seven-week low.
Following a high of 27,589.92 on Thursday, BTC/USD slipped to an intraday bottom at 26,166.87.
As a result of this drop, bitcoin fell to its lowest level since March 17, when the price was below the 25,000 mark.
Overall, this latest sell-off coincided with the 14-day relative strength index (RSI) breaking out of yesterday’s floor of 43.00. price strength is tracking at 35.07, which is its lowest point in over two months.
Should momentum continue in this current trajectory, there is a possibility that BTC could move toward 25,000 this weekend.
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
