Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the 26,000 level.
Following a low of 25,686.04 to start the week, BTC/USD raced to a peak of 26,261.14 earlier today.
The move saw Bitcoin near a recent resistance level at 26,300,
one of the last hurdles stopping bulls from moving toward 27,000
In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken.
47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02.
The 10-day (red) moving average will need also to shift course, and divert away from its current downward path.
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:- Ahead of the upcoming inflation report in the United States, bitcoin (BTC) moved back above the 26,000 level.
Following a low of 25,686.04 to start the week, BTC/USD raced to a peak of 26,261.14 earlier today.
The move saw Bitcoin near a recent resistance level at 26,300,
one of the last hurdles stopping bulls from moving toward 27,000
In order to get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken.
47.00 level on the indicator, and as of writing, price strength is currently tracking at 44.02.
The 10-day (red) moving average will need also to shift course, and divert away from its current downward path.
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
