Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start the week, as markets remained mostly unchanged following the Christmas weekend.
Trading volume typically slows down during the holiday period, with most financial markets shutting down.
Cryptocurrency markets however remained open, with BTC/USD moving closer to recapturing the $17,000 level.
As can be seen from the chart, Bitcoin hit a high of $16,908.86 earlier in today’s session, which is marginally above Sunday’s low of $16,755.25.
The move comes as the 14-day relative strength index (RSI) moved closer to a key ceiling at 49.00.
Currently, the index is tracking at the 47.55 mark, with bulls likely to continue to push toward the aforementioned resistance level.
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.
CHART ANALYSIS:- Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start the week, as markets remained mostly unchanged following the Christmas weekend.
Trading volume typically slows down during the holiday period, with most financial markets shutting down.
Cryptocurrency markets however remained open, with BTC/USD moving closer to recapturing the $17,000 level.
As can be seen from the chart, Bitcoin hit a high of $16,908.86 earlier in today’s session, which is marginally above Sunday’s low of $16,755.25.
The move comes as the 14-day relative strength index (RSI) moved closer to a key ceiling at 49.00.
Currently, the index is tracking at the 47.55 mark, with bulls likely to continue to push toward the aforementioned resistance level.
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
