Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high.
Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today.
Today’s rally saw bitcoin jump to its highest level since August 24, when the price at the time was trading at a top of $23,600.
As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back toward a ceiling of 90.00.
Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits.
As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low.
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