Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate.
The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at its “ability to continue (operating).”
BTC/USD slipped to an intraday low of $22,241.78 earlier in the day, less than 24 hours after trading at a high of $23,540.16.
As a result of the move, bitcoin has now fallen to its weakest position since Valentines day, on February 14.
However, instead of a pool of roses, Friday’s red wave has washed through the markets, leading to a huge shift in price strength.
At the time of writing, the relative strength index (RSI) is tracking at 42.91, which is its lowest point since January 1.
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 ) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate.
The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at its “ability to continue (operating).”
BTC/USD slipped to an intraday low of $22,241.78 earlier in the day, less than 24 hours after trading at a high of $23,540.16.
As a result of the move, bitcoin has now fallen to its weakest position since Valentines day, on February 14.
However, instead of a pool of roses, Friday’s red wave has washed through the markets, leading to a huge shift in price strength.
At the time of writing, the relative strength index (RSI) is tracking at 42.91, which is its lowest point since January 1.
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.
