Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rebounded on Wednesday as all attention in the market turned to today's Federal Reserve rate decision.
After a low of 27,935.73 on Tuesday, BTC/USD rose to a high of 28,881.30 earlier in the day.
This came after Bitcoin rejected a breakout below its long-term floor at 27,600 to start the week.
Overall, momentum is little changed, as the 10-day (red) moving average has moved closer to its 25-day (blue) counterpart.
Should this crossover to the upside occur, it could be a sign that the bulls need to increase the pressure, potentially taking BTC above 30,000.
For this to happen, the Relative Strength Index (RSI) must first cross the ceiling of the 52.00 mark.
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) rebounded on Wednesday as all attention in the market turned to today's Federal Reserve rate decision.
After a low of 27,935.73 on Tuesday, BTC/USD rose to a high of 28,881.30 earlier in the day.
This came after Bitcoin rejected a breakout below its long-term floor at 27,600 to start the week.
Overall, momentum is little changed, as the 10-day (red) moving average has moved closer to its 25-day (blue) counterpart.
Should this crossover to the upside occur, it could be a sign that the bulls need to increase the pressure, potentially taking BTC above 30,000.
For this to happen, the Relative Strength Index (RSI) must first cross the ceiling of the 52.00 mark.
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.
