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) was consolidating in today’s session, as prices retreated from Monday’s three-week high.
Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday low of $16,922.43 earlier in the day.
This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.
Looking at the chart, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own.
As of writing, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.
Should a breakout occur, it is likely that BTC will move back toward the $17,400 point in the upcoming days.
CHART ANALYSIS:-Bitcoin ( BTC ) surged to a three-week high on Monday, as prices climbed for a second session.
Following a low of $16,940.90 on Sunday, BTC /USD moved to an intraday peak of $17,378.15 earlier in today’s session.
This high is the most vital point that bitcoin had hit since November 11, when the price was at a high of $17,645.
Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart.
In addition to this, the 14-day relative strength index ( RSI ) has also moved higher, and as of writing is tracking at 50. 40, above its ceiling of 50.00.
Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700.
CHART ANALYSIS:-Bitcoin ( BTC ) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC /USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index ( RSI ) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
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) was consolidating in today’s session, as prices retreated from Monday’s three-week high.
Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday low of $16,922.43 earlier in the day.
This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.
Looking at the chart, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own.
As of writing, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.
Should a breakout occur, it is likely that BTC will move back toward the $17,400 point in the upcoming days.
CHART ANALYSIS:-Bitcoin ( BTC ) surged to a three-week high on Monday, as prices climbed for a second session.
Following a low of $16,940.90 on Sunday, BTC /USD moved to an intraday peak of $17,378.15 earlier in today’s session.
This high is the most vital point that bitcoin had hit since November 11, when the price was at a high of $17,645.
Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart.
In addition to this, the 14-day relative strength index ( RSI ) has also moved higher, and as of writing is tracking at 50. 40, above its ceiling of 50.00.
Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700.
CHART ANALYSIS:-Bitcoin ( BTC ) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC /USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index ( RSI ) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
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
