Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rallied towards 27,000 to start the weekend, as prices reacted to the latest Personal Consumption data in the United States.
BTC/USD climbed to a peak of 26,916.67 earlier in today’s session, which came a day after trading at a low of 26,370.55.
The move sees Bitcoin climb for a third straight session, moving past a floor at 26,3000 in the process.
the latest surge in price came as the 14-day relative strength index (RSI) bounced from a support point of 39.00.
the index is now tracking at 43.02, with the next visible point of resistance at 45.00.
Should this point be broken, then there is a strong possibility that BTC will move back over the 27,000 level.
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