Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed.
BTC has since slipped, and is currently trading at 26,866.74, it is still higher than yesterday’s bottom.
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above 27,000.
bitcoin is trading 4% lower than at the same point last week.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Bitcoin (BTC) retreated below the 27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of 26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of 27,092.70 as the day progressed.
BTC has since slipped, and is currently trading at 26,866.74, it is still higher than yesterday’s bottom.
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above 27,000.
bitcoin is trading 4% lower than at the same point last week.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
