Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved marginally higher during Friday’s session, as the focus for traders begins to be next week’s Fed rate decision. Following a low of 26,339.32 on Thursday, BTC/USD jumped to an intraday peak of 26,797.51 earlier today. The move comes as bulls bounced from a price floor at 26,300, with a ceiling at 27,200 now a potential target. In order to get closer to this point, the 14-day relative strength index (RSI) will need to move past a ceiling at 47.00 the index is tracking at 46.21, with bitcoin trading around the 26,600 level. the 10-day (red) moving average remains in a downtrend, following a cross with its 25-day (blue) counterpart.
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