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.
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.
