hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) was in the green to start the week, with the price trading at its highest point since last Friday.
Traders are optimistic heading into August, which has historically been a bullish month for the cryptocurrency.
BTC/USD hit an intraday high of 29,489.87, which comes following a low at 29,059.50 during Sunday’s session.
Bitcoin bulls rejected a breakout below the 29,000 mark, just as the relative strength index (RSI) closed in on a collision with a resistance level at 46.00.
This ceiling appears to be a major obstacle preventing price from moving towards its obvious target at the 30,000 mark.
At the time of writing, the RSI is tracking at 45.97 with bitcoin at 29,362.66.
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) was in the green to start the week, with the price trading at its highest point since last Friday.
Traders are optimistic heading into August, which has historically been a bullish month for the cryptocurrency.
BTC/USD hit an intraday high of 29,489.87, which comes following a low at 29,059.50 during Sunday’s session.
Bitcoin bulls rejected a breakout below the 29,000 mark, just as the relative strength index (RSI) closed in on a collision with a resistance level at 46.00.
This ceiling appears to be a major obstacle preventing price from moving towards its obvious target at the 30,000 mark.
At the time of writing, the RSI is tracking at 45.97 with bitcoin at 29,362.66.
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
