hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell to a three-month low towards the end of Monday’s session, as bears pushed the price below the 25,000 level.
BTC/USD plunged to a bottom at 24,930.30, to start the week, which was its lowest point since June 15.
The world’s largest cryptocurrency has since rebounded, with price peaking at 26,258.05 earlier in the day.
the decline came as the 14-day relative strength index (RSI) briefly moved below support at 35.00.
Bulls have since reentered the markets following the slippage, buying the dip, and pushing price strength to a current reading of 46.50.
The next visible point of resistance appears to be at the 52.00 mark, and should price strength reach this point, BTC will likely be above 26,500.
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 fell to a three-month low towards the end of Monday’s session, as bears pushed the price below the 25,000 level.
BTC/USD plunged to a bottom at 24,930.30, to start the week, which was its lowest point since June 15.
The world’s largest cryptocurrency has since rebounded, with price peaking at 26,258.05 earlier in the day.
the decline came as the 14-day relative strength index (RSI) briefly moved below support at 35.00.
Bulls have since reentered the markets following the slippage, buying the dip, and pushing price strength to a current reading of 46.50.
The next visible point of resistance appears to be at the 52.00 mark, and should price strength reach this point, BTC will likely be above 26,500.
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
