BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision
BTC/USD slipped to a low of 26,146.99 earlier in the day, which comes less than 24 hours after trading at 26,897.25.
Today’s move saw the world’s largest cryptocurrency briefly break out of a key support point at 26,300.
BTC bulls have moved to buy the dip in price, with the cryptocurrency now once again above this floor.
This comes as the relative strength index (RSI) pivots from a recent free fall, and is now en route to a ceiling at 47.00.
the index is tracking at 44.87, which comes as the 10-day (red) moving average fell below its 25-day (blue) counterpart.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Btcanaliysis
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) snapped a four-day losing streak on Friday, after it was reported that the U.S. Senate had passed the bill to increase the debt ceiling.
This comes ahead of Monday’s deadline, which could have resulted in the government running out of cash, had the bill not been approved.
BTC/USD raced to a peak of 27,203.32, which comes a day after dropping to a bottom at 26,574.64.
it appears that this move took place after bears were unable to break a long-term floor at 26,500, prompting bulls to reenter the market.
the relative strength index (RSI) moved above a floor of its own at 46.00, and is currently tracking at 48.12.
The next test to see if bitcoin can sustain this momentum will come at the 27,500 ceiling. If passed, there is a good chance that price will be above 28,000 this weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved below the 27,000 level in today’s session, ahead of Friday’s non-farm payrolls report.
It is expected that the number of jobs added to the U.S. economy will come in at 190,000, less than the 253,000 sum the month prior.
BTC/USD fell to a low of 26,671.72 earlier in the day, which comes following a peak at 27,346.11 the day before.
this latest decline occurred as a result of the relative strength index (RSI) falling below a floor of 46.00.
the index is now tracking at 44.58, with a support point of 43.00 as a possible target.
Should this level be hit, there is a strong possibility that BTC will hit a floor of its own around 26,300.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rallied towards 27,000 to start the weekend, as prices reacted to the latest Personal Consumption data in the United States.
BTC/USD climbed to a peak of 26,916.67 earlier in today’s session, which came a day after trading at a low of 26,370.55.
The move sees Bitcoin climb for a third straight session, moving past a floor at 26,3000 in the process.
the latest surge in price came as the 14-day relative strength index (RSI) bounced from a support point of 39.00.
the index is now tracking at 43.02, with the next visible point of resistance at 45.00.
Should this point be broken, then there is a strong possibility that BTC will move back over the 27,000 level.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
Since mid-March, a sideways movement continues between $25860 and $31000 as an All-Time High (ATH).
In the present phase, a symmetrical triangle has been formed, where a price breakout is expected soon.
The Support area occurs from the extension of the golden ratio of the last Fibonacci retracement.
The Resistance area occurs, if we reverse the golden ratio of extension of the Fibonacci retracement starting from 15/03/2023.
Another conclusion, is that the price is expected to fluctuate within the Descending triangle that has been formed since 06/05/2023, until the price breakout occurs.
Finally, a hypothetical scenario is that the price may follow the slightly resized footprint (Bar Pattern), of a previous price movement (fractal).
Bitcoin (BTC) = $26,928.54 -0.54% (1d)
Market Cap: $1,126,847,982,844
24h Vol: $30,866,809,616
Dominance:
BTC: 46.3%
ETH: 19.4%
Good Luck
#CryptoHellas Team
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell below $27,000 in today’s session, as markets reacted to the news that the CFTC had filed a lawsuit against Binance.
BTC/USD fell to an intraday low of $26,606.69 on the news, which comes a day after trading at a peak of $27,979.07.
As a result of today’s sell-off, the world’s largest cryptocurrency fell to its lowest level since March 17.
Looking at the chart, this drop comes after a recent floor at the $27,100 mark was broken, which coincided with the relative strength index (RSI) also experiencing a breakout.
As of writing, the index is now tracking at the 58.51 level, which is marginally below its support at 60.00.
Overall, bulls have somewhat reentered the market, and as of writing, bitcoin is trading at $27,126.85.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell for a fourth straight session on Thursday, as markets reacted to news that Silvergate Bank will be liquidating its operations.
Following a high of $22,198.90 on Wednesday, BTC/USD slipped to an intraday low of $21,609.99 earlier today.
The decline in price pushed bitcoin to its lowest point since February 13, when it traded at the bottom of $21,366.
Looking at the chart, this latest sell-off coincided with the 14-day relative strength index (RSI) falling to its lowest point since November 28.
As of writing, the index is tracking at 36.86, which is marginally below its support point of 37.00.
Despite this, BTC remains above its own floor at $21,700, and should this zone hold steady, there is a chance prices could rebound heading into the weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell from earlier highs on Tuesday, as momentum in cryptocurrency markets rapidly changed as the day progressed.
Following a high of $25,126.85 earlier in today’s session, BTC/USD has since gone on to fall to a low of $24,642.57.
Tuesday’s earlier high sent the world’s largest cryptocurrency to its strongest point since June 13.
Overall, prices slipped as bulls were unable to force a breakout of a resistance level at the $25,200 mark.
In addition, the relative strength index (RSI) also failed to move beyond its own ceiling at 66.00.
As of writing, the index is tracking at 63.29, which is marginally above a support zone of 61.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States.
Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today.
Today’s move pushes the world’s largest cryptocurrency back toward a key resistance level of $22,500.
Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00
As of writing, price strength is currently at a reading of 51.96, which is its strongest point in the last seven days.
Should this momentum be maintained, there is a strong possibility that BTC could not only break $22,500 but could also collide with the $23,000 mark.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded from recent losses in today’s session, as prices moved closer to the $22,000 level.
BTC/USD hit an intraday high of $21,849.01 earlier in the day, which comes after falling to a low of $21,460.09 on Monday.
Today’s action saw bitcoin snap a two-day losing streak, and comes as prices rejected a full breakout of a floor at $21,500.
Looking at the chart, the 14-day relative strength index (RSI) also rejected a break of its own, with the index remaining above its support at 44.00.
As of writing, price strength is at a reading of 47.86, with a resistance of 50.00 nearby.
In order for BTC bulls to take the price above the $22,000 mark, this point of resistance will need to be broken.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks.
BTC/USD fell to an intraday low of $21,754.13 earlier today, which comes less than 24 hours after trading at $22,770.22.
As a result of this drop, bitcoin moved to its weakest point since January 20, when the price bottomed at $20,865.
From the chart, the sell-off took place following a break out of a resistance level at $22,500, which had mostly held firm since late January.
In addition to this, the 14-day relative strength index(RSI) also dropped, falling to its lowest point in over a month.
After weeks in overbought territory, price strength has started to subside, which could act as a long-term positive for bulls, whose next target will likely be $25,000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded from Monday’s lows in today’s session, with prices racing back above the $23,000 level.
Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day.
The move comes as bitcoin bulls rejected a move towards a long-term support point at $22,500, and instead bought the dip.
Looking at the chart, today’s rebound sees BTC snap a five-day losing streak, which came following a six-month high last Thursday.
Tuesday’s reversal also coincided with the 14-day relative strength index (RSI) bouncing from a floor of its own at 60.00.
As of writing, the index is tracking at 62.04 and seems to be on course to collide with a ceiling of 68.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- hello friend welcome to btc 2hr update btc is forming a bearish expanding pattern expect btc to fall from here so close your positions open long positions and short only after seeing the market face.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USDT WEEKLY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-The bitcoin weekly candle closed above descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
BTC was rejected from the horizontal resistance and is now above the $22.6K support.
BTC hunted for downside liquidity and retested the descending channel.
A significant bullish rally will be confirmed by an effective retest of the descending channel and a solid breakout of $25,500.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-BTC broke the $23.5K resistance in the recent move but could not close a candle above it. The previous lower higher horizontal resistance is near $25K.
BTC is retesting the descending channel and Ichimoku cloud. A successful retest or a candle above the marked horizontal resistance would confirm the move toward $30K. This will also confirm the continuation of the market boom.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets.
Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today’s session.
As a result of today’s drop in price, bitcoin fell to its weakest point since Sunday, breaking out of a floor at $22,500 in the process.
Looking at the chart, the drop came as the 14-day relative strength index (RSI) fell to its lowest level since last Thursday.
At the time of writing, the index is tracking at a level of 79.93, which comes less than 24 hours after hovering at 85.09.
Since its earlier breakout, the world’s largest cryptocurrency has somewhat rebounded and is currently trading at $22,614.62.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN WEEKLY UPDATE !!Hello, welcome to this BITCOIN WEEKLY update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin weekly candle closed above the descending trendline resistance. Bulls reclaimed 2017 bull run highs after bouncing off historic trendline support, demonstrating bull strength.
The current short-term resistance is near the $23,500 level. A retest above the descending trendline or making a higher low could also be a possible scenario.
A solid breakout above $23,500 or a successful retest of the descending trendline will confirm the continuation of the market's bullish momentum.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC is attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400.
The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back.
We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin(BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report.
Following a low of $16,928.18 on Sunday, BTC/USD surged to a peak of $17,283.72 earlier in today’s session.
The move saw BTC climb to its highest point since December 16, when price was at a high of $17,525.
Looking at the chart, today’s high came as the 10-day (red) moving average finally crossed over its 25-day (blue) counterpart.
In addition, the 14-day relative strength index (RSI) marginally moved past its current resistance level of 60.00.
As of writing, the index is tracking at 60.46, with the following visible ceiling at the 63.00 zone.
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
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC attempted to break the horizontal red resistance and was able to trade above it. Now it is trading above it again.
Here we need a successful retest above the horizontal red resistance to confirm another bullish move.
If it continues to decline from here, it will do some correction towards the horizontal support from where we can expect a bounce back.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC attempted to break the horizontal resistance but couldn't able to give a close above it. Now it is again trading below it.
Here we've to wait for a successful breakout above the horizontal resistance to confirm a further bullish move.
If it continues to reject from here, it will take some correction toward the horizontal support from where we could expect a bounce back.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you