Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report.
Following a low of $16,763.66 on Tuesday, BTC/USD raced to an intraday high of $17,012.98 earlier in today’s session.
Today’s surge comes as prices once again rose above a key resistance level at the $16,800 level.
Looking at the chart, BTC has moved away from earlier highs, with the coin currently trading at the $16,868.40 mark.
This comes despite the 14-day relative strength index (RSI) failing to break out of a recent ceiling at 49.00.
As of writing, the index is tracking at the 47.03 level and seems to be heading for a floor at 46.00.
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:-Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report.
Following a low of $16,763.66 on Tuesday, BTC/USD raced to an intraday high of $17,012.98 earlier in today’s session.
Today’s surge comes as prices once again rose above a key resistance level at the $16,800 level.
Looking at the chart, BTC has moved away from earlier highs, with the coin currently trading at the $16,868.40 mark.
This comes despite the 14-day relative strength index (RSI) failing to break out of a recent ceiling at 49.00.
As of writing, the index is tracking at the 47.03 level and seems to be heading for a floor at 46.00.
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
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