Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell for a second straight session on Tuesday, as prices flirted with a breakout below $23,000.
BTC/USD moved to an intraday low of $23,205.88 earlier in today’s session, which comes less than 24 hours after hitting a high of $23,857.89.
The move comes after bulls were unable to jump back above the $24,000 mark on Monday, with bears using this as an opportunity to reenter.
Looking at the chart, the 14-day relative strength index (RSI) also failed to break out of the resistance of its own at 53.00
At the time of writing, the index is trading at 52.46, with bitcoin slightly higher than its earlier low.
BTC is now trading at $23,466.92, with a move back toward $23,800 still on the cards.
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 ) fell for a second straight session on Tuesday, as prices flirted with a breakout below $23,000.
BTC/USD moved to an intraday low of $23,205.88 earlier in today’s session, which comes less than 24 hours after hitting a high of $23,857.89.
The move comes after bulls were unable to jump back above the $24,000 mark on Monday, with bears using this as an opportunity to reenter.
Looking at the chart, the 14-day relative strength index (RSI) also failed to break out of the resistance of its own at 53.00
At the time of writing, the index is trading at 52.46, with bitcoin slightly higher than its earlier low.
BTC is now trading at $23,466.92, with a move back toward $23,800 still on the cards.
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.
