Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin rose back above the 34,000 level on Saturday, which comes following recent price consolidation.
After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day.
The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought.
Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory.
the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark.
If this level holds throughout the weekend, bulls may make another run towards the 35,000 level.
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 rose back above the 34,000 level on Saturday, which comes following recent price consolidation.
After hitting a low of 33,416.89 on Friday, BTC/USD rallied to an intraday high of 34,201.77 to start the day.
The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought.
Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory.
the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark.
If this level holds throughout the weekend, bulls may make another run towards the 35,000 level.
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.
