BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS

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#BTC/USDT ANALYSIS:-Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies.

Following a high of $19,315.20 during Thursday’s session, BTC/USD slipped to an intraday low of $18,945.48 earlier today.

The move pushed prices of the token towards a key support point of $18,900, as price strength also declined.

Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00.

The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment.

Should we see the RSI continue to trickle lower, there is a strong possibility that BTC could be trading below $18,000 this weekend.


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