Bitcoin

BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Bitcoin ( BTC ) rose towards $29,000 on Saturday, as markets continued to react to yesterday’s consumption expenditure (PCE) figures in the United States.

PCE climbed to 0.3% in March, less than the 0.4% markets were expecting, showing that inflation was slowing.

BTC/USD rose to an intraday high of $28,802.46 earlier in today’s session, which comes a day after trading at a low of $27,854.63.

Looking at the chart, the move saw BTC briefly breakout of a long-term resistance level of $28,500.

Earlier gains have since declined, which comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling at 65.00.

As of writing this, the index is now tracking at 63.65, with a floor of 62.00 a possible target for sellers.

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Feragatname