Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States.
The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to hike rates marginally.
Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier today.
This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark.
As of writing, the index is tracking at the 64.27 level, marginally below its upcoming ceiling of 65.00.
Earlier gains have slightly eased as BTC edged closer to this point of resistance, with the price now trading at $28,423.03.
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 ) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States.
The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to hike rates marginally.
Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier today.
This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark.
As of writing, the index is tracking at the 64.27 level, marginally below its upcoming ceiling of 65.00.
Earlier gains have slightly eased as BTC edged closer to this point of resistance, with the price now trading at $28,423.03.
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.
