hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) consolidated around the 29,000 level on Friday, as traders readied themselves for the upcoming U.S. nonfarm payrolls report.
BTC/USD rose to an intraday high of 29,375.71 in today’s session, following an earlier low of 29,066.24.
Earlier gains have since faded, however, with the world’s largest cryptocurrency now trading at the 29,145.77 mark.
The decline comes as the relative strength index (RSI) fell back toward a support point of 42.00.
After hitting a ceiling above 51.00 in recent days, price strength is now tracking at a reading of 43.71.
There is still optimism that bulls could reenter the market after today’s report, with the 29,500 level as an initial target.
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) consolidated around the 29,000 level on Friday, as traders readied themselves for the upcoming U.S. nonfarm payrolls report.
BTC/USD rose to an intraday high of 29,375.71 in today’s session, following an earlier low of 29,066.24.
Earlier gains have since faded, however, with the world’s largest cryptocurrency now trading at the 29,145.77 mark.
The decline comes as the relative strength index (RSI) fell back toward a support point of 42.00.
After hitting a ceiling above 51.00 in recent days, price strength is now tracking at a reading of 43.71.
There is still optimism that bulls could reenter the market after today’s report, with the 29,500 level as an initial target.
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
