Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000.
BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than 24 hours after hitting a peak of $16,594.41.
As a result of today’s drop, bitcoin moved to its lowest point since last Tuesday, November 22, when the price was at a low of $15,613.
Looking at the chart, Monday’s sell-off intensified once a breakout on the relative strength index (RSI) occurred.
The index, which is currently tracking at 36.89, moved below a recent support point of 38.00 and looks to be heading for a lower floor at 35.50.
Should price strength reach its perceived destination, This will likely lead to BTC falling below $16,000.
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
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000.
BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than 24 hours after hitting a peak of $16,594.41.
As a result of today’s drop, bitcoin moved to its lowest point since last Tuesday, November 22, when the price was at a low of $15,613.
Looking at the chart, Monday’s sell-off intensified once a breakout on the relative strength index (RSI) occurred.
The index, which is currently tracking at 36.89, moved below a recent support point of 38.00 and looks to be heading for a lower floor at 35.50.
Should price strength reach its perceived destination, This will likely lead to BTC falling below $16,000.
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
