Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week trading above $28,000, as markets responded to the deepening global banking crisis.
The coordinated action by several major G7 central banks comes as Credit Suisse was bought out by rival UBS, a move engineered by Swiss authorities.
BTC/USD jumped to an intraday peak of $28,527.72 earlier today, which comes a day after trading at a low of $27,196.76.
As a result of the rally, bitcoin climbed to its strongest point since last June, with many now anticipating a move above $30,000.
Overall, this surge has sent prices into overbought territory, with the 14-day relative strength index (RSI) now tracking at 72.73.
The next visible point of resistance appears to be at 75.00, and should this be hit, there is a strong chance BTC will be at $30,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week trading above $28,000, as markets responded to the deepening global banking crisis.
The coordinated action by several major G7 central banks comes as Credit Suisse was bought out by rival UBS, a move engineered by Swiss authorities.
BTC/USD jumped to an intraday peak of $28,527.72 earlier today, which comes a day after trading at a low of $27,196.76.
As a result of the rally, bitcoin climbed to its strongest point since last June, with many now anticipating a move above $30,000.
Overall, this surge has sent prices into overbought territory, with the 14-day relative strength index (RSI) now tracking at 72.73.
The next visible point of resistance appears to be at 75.00, and should this be hit, there is a strong chance BTC will be at $30,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
