BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!
Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China.
Figures from the world’s second-largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected.
As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75.
Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400.
This ceiling has been in place for the past two months and was marginally broken over the weekend.
The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.
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 back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China.
Figures from the world’s second-largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected.
As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75.
Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400.
This ceiling has been in place for the past two months and was marginally broken over the weekend.
The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.