Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week consolidating around the $28,000 level, as volatility in crypto markets remained high.
Following a low of $27,607.67 earlier in today’s session, BTC/USD rose to a peak at $28,475.62 as the day progressed.
The move saw bitcoin move closer to a recent resistance level of $28,500, which was broken over the weekend.
The recent price consolidation comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling of 65.00.
As of writing, the index is tracking at 62.00, which is also a key point of support for traders.
Overall, the world’s largest cryptocurrency is now trading 1.46% higher than at the same time last week.
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:-Bitcoin ( BTC ) started the week consolidating around the $28,000 level, as volatility in crypto markets remained high.
Following a low of $27,607.67 earlier in today’s session, BTC/USD rose to a peak at $28,475.62 as the day progressed.
The move saw bitcoin move closer to a recent resistance level of $28,500, which was broken over the weekend.
The recent price consolidation comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling of 65.00.
As of writing, the index is tracking at 62.00, which is also a key point of support for traders.
Overall, the world’s largest cryptocurrency is now trading 1.46% higher than at the same time last week.
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.
