BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS

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

CHART ANALYSIS:-Bitcoin ( BTC ) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August.

The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest policy meeting.

As a result, BTC/USD rose to an intraday high of $24,167.21, less than 24 hours after it was trading at a low of $22,877.75.

Thursday’s surge saw the world’s largest cryptocurrency climb to its strongest point since August 16, when prices reached a peak of $24,448.

This took place as the 14-day relative strength index (RSI) moved away from a recent floor of 68.00, and is now tracking at 74.10.

Should price strength continue on this course, a resistance level of 77.00 will likely be a target for current bulls.

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