Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains
BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark.
Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday.
One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00.
the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal.
Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Bitcoin was trading lower on Wednesday, as traders appeared to have finally decided to secure profits, following recent gains
BTC/USD slipped to an intraday low of 33,278.40 late in yesterday’s session, after an earlier peak above the 35,000 mark.
Although bulls have since pushed the cryptocurrency higher, with the price now at 34,246.74, it remains below the heights seen on Tuesday.
One reason for this is the relative strength index (RSI), which was significantly overbought on Tuesday, tracking around 89.00.
the index is at a reading of 87.22, which is marginally lower, but still remains primed for a reversal.
Today’s speech could be the storm that traders are waiting to clear, before either intensifying recent momentum or selling off further.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
