BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Bitcoin ( BTC ) rebounded on Wednesday, which comes in the aftermath of the latest U.S. consumer confidence report.

Confidence fell to a reading of 102.9 in February, less than the 108.5 sum that markets had anticipated.

Following a low of $23,077.65 on Tuesday, BTC/USD surged to an intraday peak of $23,880.63 earlier in the day.

The move pushed bitcoin marginally past a long-term resistance level at $23,800, hitting a five-day high in the process.

Another slight breakout occurred on the 14-day relative strength index (RSI), which climbed beyond a ceiling at 54.00.

At the time of writing, the index is tracking at 55.02, with the next visible resistance zone at the 60.00 level.

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