Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- The number of jobs added to the U.S. economy came in higher than expected, in many’s eyes justifying the Federal Reserve’s decision to hike interest rates by 0.25%.
As a result, BTC/USDT fell to an intraday low of 27,691.26 earlier in today’s session, following a peak of 29,119.38 the day prior.
Overall, BTC has now fallen for a third straight session, with this latest drop sending prices to a one-week low.
One of the catalysts for the decline was a breakout that took place on the relative strength index (RSI), which fell below a floor of 47.00.
the index is tracking at 44.32, with a floor of 42.00 a potential target for bears.
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