BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday.
Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session.
Today’s decline saw a three-day winning streak snapped, with BTC moving closer to a recent support point of $16,200.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 41.00
The index is currently tracking at 40.04, with neither bulls nor bears taking hold of market sentiment.
However, should bulls break out of the 41.00 resistance point, we could likely see BTC move toward $17,000.
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.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Bitcoin (BTC) was mostly unchanged on Friday, as cryptocurrency markets consolidated, following the U.S. Thanksgiving holiday.
Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session.
Today’s decline saw a three-day winning streak snapped, with BTC moving closer to a recent support point of $16,200.
Looking at the chart, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 41.00
The index is currently tracking at 40.04, with neither bulls nor bears taking hold of market sentiment.
However, should bulls break out of the 41.00 resistance point, we could likely see BTC move toward $17,000.
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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