Hello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures.
Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices rising to a peak of $16,880.87 in today’s session.
The surge in price pushed BTC above a key resistance point of $16,800, as bulls once again attempted to recapture the $17,000 mark.
As can be seen from the chart, recent price uncertainty comes as the 14-day relative strength index (RSI) remains close to a floor of 45.00.
Sentiment also seems uncertain following a recent crossover between the red 10-day moving average, and its 25-day (blue) counterpart.
If this downward trend continues, we could see BTC trading near $16,000 during the Christmas weekend.
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