hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- BTC/USD peaked at 31,814.51 late on Thursday, after trading at a low of 30,486.69 earlier in the day.
Yesterday’s peak is the most vital point Bitcoin has hit since late May last year, the last time price was over 32,000.
BTC has since declined, as traders move to secure gains, resulting in the price now trading at 31,208.15.
This comes as the relative strength index (RSI) failed to break a ceiling of 66.00, and is now tracking at 62.62.
Today’s move also averted a downward crossover between the 10-day (red) moving average and its 25-day (blue) counterpart.
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:- BTC/USD peaked at 31,814.51 late on Thursday, after trading at a low of 30,486.69 earlier in the day.
Yesterday’s peak is the most vital point Bitcoin has hit since late May last year, the last time price was over 32,000.
BTC has since declined, as traders move to secure gains, resulting in the price now trading at 31,208.15.
This comes as the relative strength index (RSI) failed to break a ceiling of 66.00, and is now tracking at 62.62.
Today’s move also averted a downward crossover between the 10-day (red) moving average and its 25-day (blue) counterpart.
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
