Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) surged to a three-week high on Monday, as prices climbed for a second straight session.
Following a low of $16,940.90 on Sunday, BTC/USD moved to an intraday peak of $17,378.15 earlier in today’s session.
This high is the strongest point that bitcoin has hit since November 11, when the price was at a high of $17,645.
Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart.
In addition to this, the 14-day relative strength index (RSI) has also moved higher, and as of writing is tracking at 50.40, above its ceiling of 50.00.
Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700.
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) surged to a three-week high on Monday, as prices climbed for a second straight session.
Following a low of $16,940.90 on Sunday, BTC/USD moved to an intraday peak of $17,378.15 earlier in today’s session.
This high is the strongest point that bitcoin has hit since November 11, when the price was at a high of $17,645.
Looking at the chart, today’s surge comes as the 10-day (red) moving average extended its upwards cross of its 25-day (blue) counterpart.
In addition to this, the 14-day relative strength index (RSI) has also moved higher, and as of writing is tracking at 50.40, above its ceiling of 50.00.
Should this upwards momentum continues, it is likely that BTC bulls will be targeting a ceiling of $17,700.
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
