hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Volatility was back in cryptocurrency markets on Friday, as bitcoin (BTC) bulls pushed the price above the 26,000 level.
BTC/USD peaked at 26,414.01 earlier in today’s session, however, this was short-lived, as the price now sits at 25,795.12.
Today’s move was the highest BTC has hit since last Thursday, and came following a breakout of a ceiling at 26,400.
previous bulls seem to have immediately liquidated their positions after the price moved beyond this point.
The relative strength index (RSI) also hit a resistance level of its own at 45.00, before retreating to a current reading of 39.18.
this drop shows that market sentiment remains bearish, despite the slight spark seen earlier in the day.
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:- Volatility was back in cryptocurrency markets on Friday, as bitcoin (BTC) bulls pushed the price above the 26,000 level.
BTC/USD peaked at 26,414.01 earlier in today’s session, however, this was short-lived, as the price now sits at 25,795.12.
Today’s move was the highest BTC has hit since last Thursday, and came following a breakout of a ceiling at 26,400.
previous bulls seem to have immediately liquidated their positions after the price moved beyond this point.
The relative strength index (RSI) also hit a resistance level of its own at 45.00, before retreating to a current reading of 39.18.
this drop shows that market sentiment remains bearish, despite the slight spark seen earlier in the day.
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
