Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) slipped below the 26,000 level during today's trading session as bears continued to put pressure on the crypto markets.
BTC/USD fell to a low of 25,890.59 earlier in today's session, which comes after hitting 26,703.88
As a result of today's drop, bitcoin fell to its weakest point since May 12, when it hit a low of 25,810
the decline came after a breakout above the recent support at 26,300.
BTC has since rebounded, and as of writing is once again hovering above this point of support.
This came as the 14-day Relative Strength Index (RSI) found a floor of its own at 39.00.
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) slipped below the 26,000 level during today's trading session as bears continued to put pressure on the crypto markets.
BTC/USD fell to a low of 25,890.59 earlier in today's session, which comes after hitting 26,703.88
As a result of today's drop, bitcoin fell to its weakest point since May 12, when it hit a low of 25,810
the decline came after a breakout above the recent support at 26,300.
BTC has since rebounded, and as of writing is once again hovering above this point of support.
This came as the 14-day Relative Strength Index (RSI) found a floor of its own at 39.00.
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
