Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin continued to trend lower on Saturday, as the bears were once again in control of crypto market sentiment.
Following a high of 28,148 on Tuesday, BTC/USD started the weekend falling to a low of 25,362.61.
The decline has come as a result of profit-taking, and also the changing economic climate in the United States.
Consumer spending is slowing, whilst the labor market remains tight as a result of increasing interest rates.
today’s decline pushed bitcoin below a key support point of 25,600, however, bulls have since reentered.
BTC is now trading at 25,818.66, with a target of 26,000 likely to be present throughout the weekend.
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 continued to trend lower on Saturday, as the bears were once again in control of crypto market sentiment.
Following a high of 28,148 on Tuesday, BTC/USD started the weekend falling to a low of 25,362.61.
The decline has come as a result of profit-taking, and also the changing economic climate in the United States.
Consumer spending is slowing, whilst the labor market remains tight as a result of increasing interest rates.
today’s decline pushed bitcoin below a key support point of 25,600, however, bulls have since reentered.
BTC is now trading at 25,818.66, with a target of 26,000 likely to be present throughout the weekend.
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
