Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin remained above the 27,000 level on Friday, following a late rise in bullish sentiment towards the end of Thursday’s session.
Following a low of 26,424.95 on Thursday, BTC/USD raced to an intraday high of 27,259.50 earlier in the day.
bitcoin rose to its highest level since September 20, when its price peaked at 27,393.00.
However, earlier gains have since edged lower, mainly due to a collision in the relative strength index (RSI).
the index could not push past a resistance level of 58.00 and has since fallen to a reading of 56.57.
Traders could be awaiting the release of this afternoon’s consumer sentiment report in the United States, prior to deciding their next move.
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.
Consider following me for the latest updates and long/short calls on almost every exchange.
I also post short mid and long-term trade setups.
Thank you.
Chart Analysis:- Bitcoin remained above the 27,000 level on Friday, following a late rise in bullish sentiment towards the end of Thursday’s session.
Following a low of 26,424.95 on Thursday, BTC/USD raced to an intraday high of 27,259.50 earlier in the day.
bitcoin rose to its highest level since September 20, when its price peaked at 27,393.00.
However, earlier gains have since edged lower, mainly due to a collision in the relative strength index (RSI).
the index could not push past a resistance level of 58.00 and has since fallen to a reading of 56.57.
Traders could be awaiting the release of this afternoon’s consumer sentiment report in the United States, prior to deciding their next move.
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.
Consider following me for the latest updates and long/short calls on almost every exchange.
I also post short mid and long-term trade setups.
Thank you.
