Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin slipped below the 34,000 mark on Friday, as markets consolidated ahead of U.S. consumer sentiment figures.
BTC/USD fell to a low at 33,762.32 earlier in today’s session, which comes following a peak at 34,649.40 the day before.
bitcoin continued to pull away from a recent 18-month high, as bears began to gradually seize market sentiment.
This comes as the relative strength index (RSI) remained in overbought territory, with a current reading of 83.68.
Bulls in the market seem reluctant to let go of their positions and have gone on to once again push BTC above 34,000.
BTC remains nearly 15% higher than at the same time last week, despite the recent price consolidation.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Bitcoin slipped below the 34,000 mark on Friday, as markets consolidated ahead of U.S. consumer sentiment figures.
BTC/USD fell to a low at 33,762.32 earlier in today’s session, which comes following a peak at 34,649.40 the day before.
bitcoin continued to pull away from a recent 18-month high, as bears began to gradually seize market sentiment.
This comes as the relative strength index (RSI) remained in overbought territory, with a current reading of 83.68.
Bulls in the market seem reluctant to let go of their positions and have gone on to once again push BTC above 34,000.
BTC remains nearly 15% higher than at the same time last week, despite the recent price consolidation.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
