Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices.
BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99.
Today’s move saw bitcoin climb to its strongest point since December 14, when prices were at a peak of $18,385.
Looking at the chart, the rally took place as the 14-day relative strength index (RSI) continued to move deeper into overbought territory
As of writing, the index is now tracking at 75.98, which is its highest mark since October 2021.
Depending on this afternoon’s inflation rate, there could be a reversal in BTC, as earlier momentum may have already peaked.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) surged above $18,000 on Thursday, as markets prepared for a further drop in U.S. consumer prices.
BTC/USD raced to an intraday high of $18,268.55 earlier in today’s session, less than 24 hours after trading at a low of $17,337.99.
Today’s move saw bitcoin climb to its strongest point since December 14, when prices were at a peak of $18,385.
Looking at the chart, the rally took place as the 14-day relative strength index (RSI) continued to move deeper into overbought territory
As of writing, the index is now tracking at 75.98, which is its highest mark since October 2021.
Depending on this afternoon’s inflation rate, there could be a reversal in BTC, as earlier momentum may have already peaked.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
