BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Bitcoin ( BTC ) fell from a nine-month high on Wednesday, following yesterday’s post-U.S.-inflation-report rally.

BTC/USD is trading at $24,858.50 at the time of writing, hours after prices surged to a peak of $26,514.72.

Tuesday’s peak saw the world’s largest cryptocurrency hit its most vital point since June 13, when BTC was above $26,600.

Earlier gains have since fallen, which comes as a result of the 14-day relative strength index (RSI) nearing a ceiling of 65.00

Currently, the index is tracking at 63.07, however, overall momentum remains higher, with the 10-day (red) moving average trending upwards.

Should the ceiling of 65.00 be eventually broken, bulls will likely push BTC to a higher resistance level at $28,000.

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