hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was trading marginally lower on Thursday, as the cryptocurrency moved below a key point of support.
BTC/USD bottomed out at 25,404.36 earlier in the day, less than 24 hours after peaking at 25,953.02.
The decline saw Bitcoin fall under a price floor of 25,600 before bulls intervened to send the cryptocurrency higher.
BTC is now trading at 25,701.34, which sees its price below 26,000 for a third straight day.
Although sentiment has been mostly bearish, price stability has largely remained, with traders so far avoiding a drop under 25,000.
This could be tested as we head towards next week, with several key economic announcements set to be released in the United States.
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 was trading marginally lower on Thursday, as the cryptocurrency moved below a key point of support.
BTC/USD bottomed out at 25,404.36 earlier in the day, less than 24 hours after peaking at 25,953.02.
The decline saw Bitcoin fall under a price floor of 25,600 before bulls intervened to send the cryptocurrency higher.
BTC is now trading at 25,701.34, which sees its price below 26,000 for a third straight day.
Although sentiment has been mostly bearish, price stability has largely remained, with traders so far avoiding a drop under 25,000.
This could be tested as we head towards next week, with several key economic announcements set to be released in the United States.
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
