Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high.
Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday’s session.
Today’s decline sees bitcoin fall for a third straight day and comes following Thursday’s high of $24,262, which was BTC’s highest point since early-August last year.
As a result of recent declines, bitcoin’s 14-day relative strength index (RSI) is now tracking at 68.41.
This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11.
Should this floor fail to hold during today’s session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process.
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