Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC/USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index (RSI) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC/USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index (RSI) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
