Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was back above $23,000 in today's session as traders focused on the afternoon FOMC meeting.
After registering a low of $22,874.43 on Tuesday, BTC/USD rose to a one-day high of $23,225.02 earlier today.
Today's move briefly saw the world's largest cryptocurrency from an interim range at the $23.200 level.
However, with higher volatility today due to the Fed meeting, the price has recovered from this point and is currently trading at $22.802.
This happened as the 14-day Relative Strength Index (RSI) continued to hover near a floor at 68.00.
As of writing, the index is tracking at 69.83 and may remain around this mark until the Fed meeting ends. I have tried to bring the best possible outcome to this chart.
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