Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler.
BTC/USD peaked at 28,566.75 on the news, following a low of 28,174.25 during Wednesday’s session.
Today’s move comes as bitcoin bulls pushed the price back above a recent floor at the 28,200 level.
the bounce comes as the 14-day relative strength index (RSI) jumped to a support point of its own at 63.00.
the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00.
In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days.
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 snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler.
BTC/USD peaked at 28,566.75 on the news, following a low of 28,174.25 during Wednesday’s session.
Today’s move comes as bitcoin bulls pushed the price back above a recent floor at the 28,200 level.
the bounce comes as the 14-day relative strength index (RSI) jumped to a support point of its own at 63.00.
the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00.
In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days.
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.
