Hello, welcome to this BITCOIN update by CRYPTO SANDERS.
CHART ANALYSIS:- consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures.
As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines.
Following an earlier high of 27,646.35, BTC/USD slipped to an intraday low of 26,878.95 on Tuesday.
Price has since rebounded, bitcoin is trading at 27,040.23.
A failed breakout of the 42.00 mark on the relative strength index (RSI) appears to have played a pivotal role in today’s decline.
tracking at 41.06, with a floor at 38.00 a potential target, should momentum continue to depreciate.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you