Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs.
BTC/USD edged to a low of 28,172.91 earlier in today’s session, which comes a day after a high of 28,889.01.
Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as 30,000 earlier in the week.
the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level.
the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday.
Price may continue to consolidate until either the aforementioned floor or ceiling is broken.
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 (BTC) bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs.
BTC/USD edged to a low of 28,172.91 earlier in today’s session, which comes a day after a high of 28,889.01.
Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as 30,000 earlier in the week.
the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level.
the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday.
Price may continue to consolidate until either the aforementioned floor or ceiling is broken.
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.
