Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell for a second consecutive day after the U.S. Federal Reserve interest rate decision.
Following a high of 27,289.77 on Wednesday, BTC/USD dropped to a low of 26,703.77 earlier in today’s session.
The Fed’s decision to pause has led to dollar strength, with USD hitting its most substantial level since April versus the British pound.
As a result of the BTC drop, the 14-day relative strength index (RSI) fell below a support point at the 55.00 level.
Price strength now stands at 52.45, and appears to be heading for a lower floor near the 45.00 region.
Should the index fall to this floor, there is a good chance that Bitcoin could be hovering near 26,000.
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 fell for a second consecutive day after the U.S. Federal Reserve interest rate decision.
Following a high of 27,289.77 on Wednesday, BTC/USD dropped to a low of 26,703.77 earlier in today’s session.
The Fed’s decision to pause has led to dollar strength, with USD hitting its most substantial level since April versus the British pound.
As a result of the BTC drop, the 14-day relative strength index (RSI) fell below a support point at the 55.00 level.
Price strength now stands at 52.45, and appears to be heading for a lower floor near the 45.00 region.
Should the index fall to this floor, there is a good chance that Bitcoin could be hovering near 26,000.
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
