Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China.
Figures from the world’s second-largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected.
As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75.
Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400.
This ceiling has been in place for the past two months and was marginally broken over the weekend.
The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China.
Figures from the world’s second-largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected.
As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75.
Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400.
This ceiling has been in place for the past two months and was marginally broken over the weekend.
The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
