Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) jumped back above the 27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run.
Following a low of 26,762.25 on Sunday, BTC/USD raced to an intraday peak of 27,521.62 earlier in today’s session.
The move saw the world’s largest cryptocurrency continue to move away from a floor of 26,500, and a recent two-month low.
Monday’s rise in price sees Bitcoin move higher for a second straight day, breaking out of a ceiling on the relative strength index (RSI) in the process.
price strength is now tracking at 43.66, which is marginally above the aforementioned resistance at 43.00.
Bulls will now likely be looking to reenter the 28,000 level, which was last hit this past Thursday.
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) jumped back above the 27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run.
Following a low of 26,762.25 on Sunday, BTC/USD raced to an intraday peak of 27,521.62 earlier in today’s session.
The move saw the world’s largest cryptocurrency continue to move away from a floor of 26,500, and a recent two-month low.
Monday’s rise in price sees Bitcoin move higher for a second straight day, breaking out of a ceiling on the relative strength index (RSI) in the process.
price strength is now tracking at 43.66, which is marginally above the aforementioned resistance at 43.00.
Bulls will now likely be looking to reenter the 28,000 level, which was last hit this past Thursday.
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
