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.
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 ) 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.
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
