Hello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-
Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following last week’s collapse of FTX.
Since FTX’s bankruptcy, the market has struggled to attempt to find support, with BTC trading near this point in today’s session.
BTC fell to a low of $15,872.94 earlier in today’s session, before rallying and reaching a high of $16,864.76.
The move away from its current support of $15,800 came as Twitter CEO Elon Musk gave his view on the token.
In a response to a tweet from Jason Calacanis, Musk tweeted, “BTC will make it, but might be a long winter.”
As can be seen from the chart above, price strength has also rebounded since this tweet, with the 14-day relative strength index (RSI) now moving higher, towards a ceiling of 39.00.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-
Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following last week’s collapse of FTX.
Since FTX’s bankruptcy, the market has struggled to attempt to find support, with BTC trading near this point in today’s session.
BTC fell to a low of $15,872.94 earlier in today’s session, before rallying and reaching a high of $16,864.76.
The move away from its current support of $15,800 came as Twitter CEO Elon Musk gave his view on the token.
In a response to a tweet from Jason Calacanis, Musk tweeted, “BTC will make it, but might be a long winter.”
As can be seen from the chart above, price strength has also rebounded since this tweet, with the 14-day relative strength index (RSI) now moving higher, towards a ceiling of 39.00.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
