Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures.
As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines.
Following an earlier high of 27,646.35, BTC/USD slipped to an intraday low of 26,878.95 on Tuesday.
Price has since rebounded, bitcoin is trading at 27,040.23.
A failed breakout of the 42.00 mark on the relative strength index (RSI) appears to have played a pivotal role in today’s decline.
tracking at 41.06, with a floor at 38.00 a potential target, should momentum continue to depreciate.
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:- consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures.
As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines.
Following an earlier high of 27,646.35, BTC/USD slipped to an intraday low of 26,878.95 on Tuesday.
Price has since rebounded, bitcoin is trading at 27,040.23.
A failed breakout of the 42.00 mark on the relative strength index (RSI) appears to have played a pivotal role in today’s decline.
tracking at 41.06, with a floor at 38.00 a potential target, should momentum continue to depreciate.
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
