Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) fell below 28,000 on Tuesday as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision.
BTC/USD slipped to a low of 27,680.79 earlier in today's session, which came less than 24 hours after trading as high as 28,626.28.
Bitcoin tumbled to its recent low of around 27,600, hitting a six-day low in the process.
The decline comes when the Relative Strength Index (RSI) broke below a floor of its own at 50.00.
Tracking at 46.17, the next visible support point is at 43.00.
Bitcoin has since moved back above 28,000 and is currently trading at 28,525.91.
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:- Bitcoin (BTC) fell below 28,000 on Tuesday as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision.
BTC/USD slipped to a low of 27,680.79 earlier in today's session, which came less than 24 hours after trading as high as 28,626.28.
Bitcoin tumbled to its recent low of around 27,600, hitting a six-day low in the process.
The decline comes when the Relative Strength Index (RSI) broke below a floor of its own at 50.00.
Tracking at 46.17, the next visible support point is at 43.00.
Bitcoin has since moved back above 28,000 and is currently trading at 28,525.91.
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.
