Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin bulls pushed the cryptocurrency over the 35,000 level on Tuesday, as momentum over a potential ETF approval intensified.
Following a low of 30,433.32 to start the week, BTC/USD surged to a peak at 35,150.43 earlier in the day.
This resulted in bitcoin climbing to its highest level since May 7, 2022, when the price was trading above 36,000.
Earlier gains have somewhat eased due to several factors, one of which being the relative strength index (RSI) moving deep into overbought territory.
the index is tracking at the 88.60 mark, which is its strongest reading since the start of the year.
BTC is now trading at 34,528.51, as traders have likely started closing off positions, in order to secure profits.
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 bulls pushed the cryptocurrency over the 35,000 level on Tuesday, as momentum over a potential ETF approval intensified.
Following a low of 30,433.32 to start the week, BTC/USD surged to a peak at 35,150.43 earlier in the day.
This resulted in bitcoin climbing to its highest level since May 7, 2022, when the price was trading above 36,000.
Earlier gains have somewhat eased due to several factors, one of which being the relative strength index (RSI) moving deep into overbought territory.
the index is tracking at the 88.60 mark, which is its strongest reading since the start of the year.
BTC is now trading at 34,528.51, as traders have likely started closing off positions, in order to secure profits.
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.
