hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) dropped below the 29,000 zone in today’s session, as bulls appeared to have abandoned their positions following Wednesday’s gains.
After peaking at 29,988.00 yesterday, BTC/USD slipped to an intraday low of 28,946.51 earlier in the day.
This comes as the bullish sentiment surrounding Microstrategy’s latest BTC investment seems to have already faded.
In addition to this, the relative strength index (RSI) failed to move past a key ceiling at 50.00, and has bounded off a floor at 42.00.
the index is tracking at 42.79, with BTC climbing back above the 29,000 mark as a result.
Price may now consolidate, as traders’ attention turns to Friday’s nonfarm payrolls report.
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) dropped below the 29,000 zone in today’s session, as bulls appeared to have abandoned their positions following Wednesday’s gains.
After peaking at 29,988.00 yesterday, BTC/USD slipped to an intraday low of 28,946.51 earlier in the day.
This comes as the bullish sentiment surrounding Microstrategy’s latest BTC investment seems to have already faded.
In addition to this, the relative strength index (RSI) failed to move past a key ceiling at 50.00, and has bounded off a floor at 42.00.
the index is tracking at 42.79, with BTC climbing back above the 29,000 mark as a result.
Price may now consolidate, as traders’ attention turns to Friday’s nonfarm payrolls report.
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
