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#BTC/USDT ANALYSIS
Bitcoin
Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs.
Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day.
Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500.
Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00.
As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level.
Should price strength continue to move towards this point, we will likely see prices move towards the $20,000 mark.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#BTC/USDT ANALYSIS
Bitcoin
Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs.
Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day.
Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500.
Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00.
As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level.
Should price strength continue to move towards this point, we will likely see prices move towards the $20,000 mark.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
