hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to trade above the 29,000 mark on Friday, despite bearish pressure intensifying in today’s session.
After hitting a high of 29,520.71 on Thursday, BTC/USD dropped to an intraday low of 29,099.35 earlier in the day.
The move saw bitcoin briefly fall below a support point at 29,200, however, prices have since climbed back above this point.
This latest slippage comes as the 10-day (red) moving average continued its downward cross versus its 25-day (blue) counterpart.
In addition to this, the relative strength index (RSI) neared a breakout below a floor at 41.00, however, it has so far avoided this.
Should this occur, BTC's next possible destination could be 28,000.
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