Hello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC broke the $18.1K mark and $17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward $20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the $20.6K area.
A break above $17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
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:- BTC broke the $18.1K mark and $17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward $20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the $20.6K area.
A break above $17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
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
