BTC/USDT 1HOUR UPDATE:-Hello, welcome to this BTC /USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-hello traders welcome to btc 1hr update btc is trading inside the parallel channel if btc downside breakdown the parallel channel we can still see btc $16600 to $16400 today and if btc breakouts the parallel channel today we can see a new high in btc stay connected with us for such updates
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Btcanaliysis
BTC/USDT 2HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-
BTC took a sharp correction after the breakdown of the ascending triangle. Now it has cleared stops below the previous low and bouncing from the horizontal support.
A bounce is expected from here, but a strong confirmation of bullish momentum in the market is a solid close above $17K. If it breakdown the current horizontal support, we will see a further downward move in the market.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTCThe current lack of activity and low volatility is more evident on the following 4-hour timeframe chart. After going through a long-lasting downtrend, the price has rebounded from the $16K mark and is consolidating below the $17K threshold. However, the main struggle for Bitcoin is now surpassing this confluence zone.
Suppose the price returns above the mentioned level, a retracement to the 0.618 Fib level and the broken trendline will be the main barriers toward the $18K range.
Bitcoin is taking support at the minor uptrend line. There is no movement in the market and BTC is trading at the resistance. Let’s see if BTC is able to break this resistance zone. We may see a big move on either side soon.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC broke the $18.1K mark and $17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward $20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the $20.6K area.
A break above $17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
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Unique Update Of Bitcoin
Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) rallied to a one-month high on Tuesday, as markets began to price in a fall in consumer prices in the United States.
Following a low of $16,966.59 to start the week, BTC/USD raced to an intraday peak of $17,457.30 earlier in today’s session.
This move saw the world’s largest cryptocurrency fly to its strongest point since November 11, when the price was at a high of $17,645.
As can be seen from the chart, today’s surge comes as the 14-day relative strength index (RSI) moved beyond a ceiling of its own.
The index climbed above a resistance level of 52.00 earlier in the day, and as of writing is tracking at 55.00.
Despite this afternoon’s report, we will likely see more volatility on Wednesday, as traders get ready for the upcoming U.S. Federal Reserve rate decision.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC update.
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CHART ANALYSIS:-BTC effectively bounced with a decent volume after breaking out the symmetrical triangle and the recent high of $17,424. Currently, BTC hit the liquidation box and grabbed a ton of upside liquidity.
For the bullish continuation, it needs to break the liquidation box with a substantial volume, while a dismissal from here would indicate a retest above $17,350.
Bitcoin was pumped after the CPI data release and tested the $18,100 level. We may see another test to go above the resistance level. If BTC is able to break and hold above $18,500 then we see good positive movement in the market.
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Unique Update Of BitcoinHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report.
Figures yesterday showed that 263,000 jobs were added to the American economy, better than the 200,000 markets had expected.
This rise in jobs has left cryptocurrency markets unsure of what the Federal Reserve will do in its next policy meeting.
BTC/USD slipped to a low of $16,877.88 following the news, which is lower than Friday’s peak of $17,116.04.
The 14-day relative strength index (RSI) has also slipped, now tracking at 52.16, which is close to a floor of 52.00.
Despite this, the 10-day (red) moving average has now fully crossed over its 25-day (blue) counterpart, which appears to signal upcoming bullish momentum.
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- BTC remains bullish and is consolidating in a symmetrical triangle on the 2H TF. MACD crossover is turning bullish
A successful breakout of the symmetrical triangle will confirm the move toward the horizontal resistance and a solid break above it will target the key resistance level of $18.5K.
If BTC breaks out of the symmetrical triangle with a retest below it, the chart will be invalid.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) rebounded on Friday, as the token moved towards the $17,000 mark heading into the weekend.
Following a low of $16,479.99 in Thursday’s session, BTC/USD raced to an intraday high of $16,947.06 earlier today.
The move sees BTC move further away from its recent floor of $16,200, which was a point of stabilization following the volatility caused by the FTX collapse.
Looking at the chart, this surge has pushed BTC closer to a ceiling of 38.30 on the 14-day relative strength index (RSI).
As a result of this collision, prices have since dipped, with the token currently trading at $16,720.43.
In order to extend its earlier run, bitcoin bulls will need to break the current ceiling on the RSI indicator.
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#BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this BTC USDT 1DAY chart update by CRYPTOSANDERS.
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) fell for a second straight day, as markets continued to react to the latest U.S. retail sales report.
Following the better-than-expected increase in consumer spending, BTC/USD slipped to a low of $16,430.11 earlier in today’s session.
The drop comes a day after the token was at a high of $16,726.44, but it now seems to be heading for a recent price floor.
Looking at the chart, this support point appears to be at the $16,200 level, which has been the last line of defense prior to the token moving below $16,000 in recent days.
A positive for long-term bulls is that the 10-day (red) moving average looks as though it has somewhat exhausted its downward momentum, with a shift in sentiment potentially in the cards.
Should an upcoming floor of 34.00 on the relative strength index (RSI) hold firm, then we could see BTC bulls begin to buy this current dip.
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