Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was in the red for a fourth consecutive session, as prices neared a breakout below 27,000.
BTC/USD plunged to a low of 27,169.57 to start the weekend, a day after trading at a high of 28,291.60.
Saturday’s drop in price resulted in Bitcoin falling to its lowest point in roughly three and a half weeks.
Looking at the chart, this latest downturn has pushed the 10-day (red) moving average closer to a cross with its 25-day (blue) counterpart.
In addition to this, the relative strength index is now tracking at 41.73, which is marginally higher than its long-term floor of 41.00.
If price strength were to slip below this point, there is a good chance that BTC will move toward 26,000.
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