Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was back above $23,000 in today's session as traders focused on the afternoon FOMC meeting.
After registering a low of $22,874.43 on Tuesday, BTC/USD rose to a one-day high of $23,225.02 earlier today.
Today's move briefly saw the world's largest cryptocurrency from an interim range at the $23.200 level.
However, with higher volatility today due to the Fed meeting, the price has recovered from this point and is currently trading at $22.802.
This happened as the 14-day Relative Strength Index (RSI) continued to hover near a floor at 68.00.
As of writing, the index is tracking at 69.83 and may remain around this mark until the Fed meeting ends.
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 ) was back above $23,000 in today's session as traders focused on the afternoon FOMC meeting.
After registering a low of $22,874.43 on Tuesday, BTC/USD rose to a one-day high of $23,225.02 earlier today.
Today's move briefly saw the world's largest cryptocurrency from an interim range at the $23.200 level.
However, with higher volatility today due to the Fed meeting, the price has recovered from this point and is currently trading at $22.802.
This happened as the 14-day Relative Strength Index (RSI) continued to hover near a floor at 68.00.
As of writing, the index is tracking at 69.83 and may remain around this mark until the Fed meeting ends.
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
