Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) started the weekend trading below 26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown.
The latest domino to fall came from Robinhood, which moved to delist several altcoins from its platform, including Solana and Cardano.
BTC/USD fell to an intraday low of 25,502 in the news, a day after the price peaked at 26,770.
the latest downturn came as the 14-day relative strength index (RSI) fell toward a floor at 39.00
the index is tracking marginally above this point at 40.06.
In addition to this, the 10-day (red) moving average has extended its low cross versus its 25-day (blue) counterpart, putting further emphasis on the current bearish sentiment.
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) started the weekend trading below 26,000, as traders continued to react to the fallout of the SEC’s cryptocurrency crackdown.
The latest domino to fall came from Robinhood, which moved to delist several altcoins from its platform, including Solana and Cardano.
BTC/USD fell to an intraday low of 25,502 in the news, a day after the price peaked at 26,770.
the latest downturn came as the 14-day relative strength index (RSI) fell toward a floor at 39.00
the index is tracking marginally above this point at 40.06.
In addition to this, the 10-day (red) moving average has extended its low cross versus its 25-day (blue) counterpart, putting further emphasis on the current bearish sentiment.
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
