Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) climbed marginally higher on Wednesday after the price bounced off a recent support point.
Following a low of 27,216.00 on Tuesday, BTC/USD surged to a peak of 27,632.90 earlier in the day.
The move pushed bitcoin further away from a recent floor of 27,200, and closer to a ceiling at 27,800.
it appears that the rebound comes as the 14-day relative strength index (RSI), bounced from a support level of its own at 58.00.
price strength is now tracking at 60.52, with the next visible point of resistance at 67.00.
Should this upcoming ceiling be broken, then there is a good chance that BTC will re-enter the 28,000 zone.
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 (BTC) climbed marginally higher on Wednesday after the price bounced off a recent support point.
Following a low of 27,216.00 on Tuesday, BTC/USD surged to a peak of 27,632.90 earlier in the day.
The move pushed bitcoin further away from a recent floor of 27,200, and closer to a ceiling at 27,800.
it appears that the rebound comes as the 14-day relative strength index (RSI), bounced from a support level of its own at 58.00.
price strength is now tracking at 60.52, with the next visible point of resistance at 67.00.
Should this upcoming ceiling be broken, then there is a good chance that BTC will re-enter the 28,000 zone.
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.
