Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC) was once again trading below $24,000 on Friday, as markets began to anticipate the release of U.S. consumer sentiment data.
BTC/USD fell to an intraday low of $23,693.92 earlier in today’s session, less than 24 hours after hitting a peak of $24,177.57.
Today’s move comes as bitcoin was unable to sustain a recent breakout of a long-term ceiling at $24,200.
Looking at the chart, the 14-day relative strength index (RSI) also experienced a breakout, with the index moving below a floor at 58.00
Currently, the index is tracking at a reading of 55.97, with the next visible point of support at the 53.00 zone.
Should bears attempt to reach this level, there is a strong chance that bitcoin will be trading under $23,000.
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