Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price.
BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36.
The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820.
Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00.
the index is tracking at 50.55, which is close to a new resistance at the 51.00 level.
Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this 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 (BTC) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price.
BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36.
The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820.
Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00.
the index is tracking at 50.55, which is close to a new resistance at the 51.00 level.
Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this 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
