Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) rallied above a key resistance level on Wednesday, ahead of tomorrow’s U.S. inflation report.
Following a low of $17,226.64 on Tuesday, BTC/USD raced to a peak of $17,493.32 earlier in today’s session.
As a result of the move, the world’s largest cryptocurrency climbed to its strongest point since December 15.
Looking at the chart, today’s price surge came as the 14-day relative strength index (RSI) broke out of a resistance point at the 60.00 mark.
Currently, the index is tracking at 63.80. This comes as BTC continues to hover around its own ceiling at the $17,400 mark.
In order to move closer to the $18,000 zone, the RSI will first need to move beyond a ceiling of 64.00 on the RSI.
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) rallied above a key resistance level on Wednesday, ahead of tomorrow’s U.S. inflation report.
Following a low of $17,226.64 on Tuesday, BTC/USD raced to a peak of $17,493.32 earlier in today’s session.
As a result of the move, the world’s largest cryptocurrency climbed to its strongest point since December 15.
Looking at the chart, today’s price surge came as the 14-day relative strength index (RSI) broke out of a resistance point at the 60.00 mark.
Currently, the index is tracking at 63.80. This comes as BTC continues to hover around its own ceiling at the $17,400 mark.
In order to move closer to the $18,000 zone, the RSI will first need to move beyond a ceiling of 64.00 on the RSI.
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
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