Can BTC Bounce From Here? Note the update !!
Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- After strong gains a day earlier, Bitcoin fell marginally on Thursday as crypto markets consolidated.
BTC/USD fell to an intraday low of 26,111.46 less than 24 hours after getting close to a breakout above the 27,000 level.
Overall, it appears that as the market approaches a point of uncertainty, traders have opted for safe profits.
On the 14-day Relative Strength Index (RSI) this area appears to be 51.00.
Strength in price is seen at 49.64 level, Bitcoin is now trading at 26,481.46.
Should the bulls move beyond this point, there is a good chance that the price could move back above 27,000.
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:- After strong gains a day earlier, Bitcoin fell marginally on Thursday as crypto markets consolidated.
BTC/USD fell to an intraday low of 26,111.46 less than 24 hours after getting close to a breakout above the 27,000 level.
Overall, it appears that as the market approaches a point of uncertainty, traders have opted for safe profits.
On the 14-day Relative Strength Index (RSI) this area appears to be 51.00.
Strength in price is seen at 49.64 level, Bitcoin is now trading at 26,481.46.
Should the bulls move beyond this point, there is a good chance that the price could move back above 27,000.
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.
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