BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS

Updated
Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report.

Following a low of $16,763.66 on Tuesday, BTC/USD raced to an intraday high of $17,012.98 earlier in today’s session.

Today’s surge comes as prices once again rose above a key resistance level at the $16,800 level.

Looking at the chart, BTC has moved away from earlier highs, with the coin currently trading at the $16,868.40 mark.

This comes despite the 14-day relative strength index (RSI) failing to break out of a recent ceiling at 49.00.

As of writing, the index is tracking at the 47.03 level and seems to be heading for a floor at 46.00.

This is not a piece of financial advice.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS
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