hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bears continued to circle Bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since the collapse of FTX.
BTC/USD dropped to a low of 25,668.92 on Saturday, which comes less than 24 hours after trading at a high of 26,598.65.
bitcoin remains close to a two-month low, with some traders targeting a breakout below 25,000.
the relative strength index (RSI) is deep in bearish territory, with a current reading of 18.56.
Price strength hasn’t tracked below 20.00 since January last year, which for some was the beginning of the so-called “crypto winter”.
Should there be further declines this weekend, the target will likely be a support point of 24,900.
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