hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin moved back over the 28,000 level during the last several hours, following Grayscale’s court win over the Securities and Exchanges Commission.
After trading at a low of 25,998.08 earlier in the day, BTC/USD peaked at 28,089.34 late on Tuesday.
This pushed the world’s largest cryptocurrency to its highest point since August 17, when the price was on the cusp of 29,000.
Earlier gains have since fallen, as traders have seemingly captured profits, with bitcoin now trading at 27,353.52.
this comes as the relative strength index (RSI), reached a ceiling of 53.00, before falling lower.
the index is now tracking at 48.52.
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