Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell lower on Friday, as market volatility rose ahead of the latest U.S. non-farm payrolls (NFP) report.
Following a high of $24,091.54 on Thursday, BTC/USD dropped to an intraday low of $23,390.38 earlier today.
Friday’s fall comes as BTC bulls were unable to sustain a breakout of a key resistance level at $24,000.
One of the reasons behind this was the 14-day relative strength index (RSI), which also failed to break out of a recent ceiling at 74.00
As of writing this, the index is now tracking at 69.48, which is slightly above the support level at the 68.00 mark.
Should this floor fail to hold during today’s session, then there is a strong chance that BTC will move below $23,000.
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 ( BTC ) fell lower on Friday, as market volatility rose ahead of the latest U.S. non-farm payrolls (NFP) report.
Following a high of $24,091.54 on Thursday, BTC/USD dropped to an intraday low of $23,390.38 earlier today.
Friday’s fall comes as BTC bulls were unable to sustain a breakout of a key resistance level at $24,000.
One of the reasons behind this was the 14-day relative strength index (RSI), which also failed to break out of a recent ceiling at 74.00
As of writing this, the index is now tracking at 69.48, which is slightly above the support level at the 68.00 mark.
Should this floor fail to hold during today’s session, then there is a strong chance that BTC will move below $23,000.
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
