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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- After falling to its lowest point since Monday late in yesterday’s session, bitcoin (BTC) was marginally higher today. BTC/USD fell to a low of 26,389.30 on Thursday, and at the time of writing, has rebounded to 26,641.77. still remains below yesterday’s peak of 26,786.10 and almost 1,000 away from a recent three-week high. The decline comes as the 14-day relative strength index (RSI) fell to a one-week low in the last 24 hours, before finding a stable floor. price strength is tracking at 50.77, which is marginally above the aforementioned support at 50.00. Should bulls opt to reenter after recent days of consolidation, they will likely target the 56.00 level on the indicator. 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
Long
by CryptoSanders9563
3
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- 4-hour chart, the recent price action becomes a lot clearer. The market has recently been rejected from the 27,500 short-term resistance level and has been declining towards the 25K support area. The RSI indicator is also showing values below 50%, emphasizing the current bearish momentum in price. Therefore, if the 25K level breaks down, things can get ugly quickly. 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
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin was trading below 26,000 on Labor Day, as volume in the cryptocurrency market was mostly lower. BTC/USD slipped to an intraday low of 25,817.03 to start the week, following a high of 26,087.15 the day prior. The decline pushed Bitcoin closer to a collision with support at $25,600, however, bulls have so far rejected this retracement. This comes as the 14-day relative strength index (RSI) found a floor of its own at the 35.00 mark, helping to ease the bearish pressure. the index is now tracking at 37.16, with the next visible resistance point at 43.00. In the event that this ceiling is broken, BTC bulls will likely make advancements toward 28,000. 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
Long
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin continued to trend lower on Saturday, as the bears were once again in control of crypto market sentiment. Following a high of 28,148 on Tuesday, BTC/USD started the weekend falling to a low of 25,362.61. The decline has come as a result of profit-taking, and also the changing economic climate in the United States. Consumer spending is slowing, whilst the labor market remains tight as a result of increasing interest rates. today’s decline pushed bitcoin below a key support point of 25,600, however, bulls have since reentered. BTC is now trading at 25,818.66, with a target of 26,000 likely to be present throughout the weekend. 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
Long
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) continued to hover near the 29,000 level to start the week, as market volatility was mostly muted on Monday. After Sunday’s low at 28,963.83, BTC/USD jumped to a high of 29,166.82 earlier in today’s session. The world’s largest cryptocurrency has mostly been trading between a support level of 28,800 and a resistance of $29,500 for the majority of the last week. the relative strength index (RSI) is also tracking near a floor of its own around the 42.00 mark. In addition to this, the 10-day (red) moving average has begun to flatline following a downtrend, which is a sign of price stagnation. Consolidation could likely continue until Wednesday’s inflation report in the United States. 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
Long
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) consolidated around the 29,000 level on Friday, as traders readied themselves for the upcoming U.S. nonfarm payrolls report. BTC/USD rose to an intraday high of 29,375.71 in today’s session, following an earlier low of 29,066.24. Earlier gains have since faded, however, with the world’s largest cryptocurrency now trading at the 29,145.77 mark. The decline comes as the relative strength index (RSI) fell back toward a support point of 42.00. After hitting a ceiling above 51.00 in recent days, price strength is now tracking at a reading of 43.71. There is still optimism that bulls could reenter the market after today’s report, with the 29,500 level as an initial target. 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
Long
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!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. 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
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell. Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June. BTC/USD hit a peak at 30,737.33 earlier in the day. This is the strongest point that Bitcoin has hit since April 14, when the price reached a top at 31,050. Another major catalyst for the move was a crossover of moving averages (MA), with the 10-day (red) MA, moving above its 25-day (blue) counterpart. the relative strength index (RSI) has also marginally broken out of a ceiling at 70.00 and is now tracking at 70.88. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
3
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin rose to a two-week high on Tuesday, as bullish sentiment made a gradual return to the marketplace. Following a low of 26,338.54 to start the week, BTC/USD rose to an intraday high of 27,147.47 on Tuesday. bitcoin rose to its strongest point since June 7, when it peaked at 27,402. it appears that today’s rally coincided with the relative strength index (RSI) also breaking out of a ceiling of its own at the 50.00 mark. Price strength now stands at 51.71 with the next visible resistance level at 57.00. In the event bulls are able to send the index to this point, there is a good chance that BTC will be above 28,500. 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
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also rebounded strongly to start the weekend, days after falling to a three-month low Following a low of 1,653.17 on Friday, ETH/USD raced to an intraday peak at the 1,766.76 level earlier today. ETH fell to a bottom at 1,620 on Thursday, which was the weakest point that the price had hit since March 13. a breakout of the RSI was one of the triggers of the move, with price strength climbing past a ceiling of 41.00. The index is currently at a reading of 43.79, with the next resistance level at the 50.00 mark. 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
by CryptoSanders9563
3
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) surged on Saturday, as bulls of the cryptocurrency moved to buy the recent dip in price. BTC/USD rose to a high of 26,769.39 to start the weekend, which comes less than a day after trading at a low of 25,245.36. The move pushed the price to its highest point since May 8, a day when the price was at a peak of 26,820. Looking at the chart, the rally came when the 14-day relative strength index (RSI) finally broke out of a key ceiling at 43.00. the index is tracking at 50.55, which is close to a new resistance at the 51.00 level. Traders are likely targeting the 27,300 level and could hit this if the momentum continues to be bullish this weekend. 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
by CryptoSanders9563
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision BTC/USD slipped to a low of 26,146.99 earlier in the day, which comes less than 24 hours after trading at 26,897.25. Today’s move saw the world’s largest cryptocurrency briefly break out of a key support point at 26,300. BTC bulls have moved to buy the dip in price, with the cryptocurrency now once again above this floor. This comes as the relative strength index (RSI) pivots from a recent free fall, and is now en route to a ceiling at 47.00. the index is tracking at 44.87, which comes as the 10-day (red) moving average fell below its 25-day (blue) counterpart. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) slipped below the 26,000 level during today's trading session as bears continued to put pressure on the crypto markets. BTC/USD fell to a low of 25,890.59 earlier in today's session, which comes after hitting 26,703.88 As a result of today's drop, bitcoin fell to its weakest point since May 12, when it hit a low of 25,810 the decline came after a breakout above the recent support at 26,300. BTC has since rebounded, and as of writing is once again hovering above this point of support. This came as the 14-day Relative Strength Index (RSI) found a floor of its own at 39.00. 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
by CryptoSanders9563
1
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) started the week in consolidation as the market remains hopeful of a deal to raise the debt ceiling in the United States. BTC/USD fell to a one-day low of 26,549.73, less than 24 hours after hitting a high of 26,986.08. Monday's move is the third day in a row that BTC has traded below the 27,000 mark. From the charts, it appears that BTC has now found a solid floor at 26,300, with the price hovering slightly above that point. To make a significant move, it needs to break the upper limit of 44.00 on the Relative Strength Index (RSI) or the support at 39.00. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
Bitcoin Price Analysis for MayHello, welcome to this BITCOIN update by CRYPTO SANDERS. CHART ANALYSIS:- Current Market Status At the halfway point of May, bitcoin has fallen to a two-month low, as market sentiment shifted bearish, following April’s strong gains. With several key data points all being released in a short window, it was somewhat expected that price uncertainty would be present. The Fed increased interest rates by 25 basis points, days after non-farm payrolls rose to 253,000, versus expectations of 180,000. Since then, inflation fell to 4.9% in April, with many still uncertain as to what the Federal Reserve will do during June’s meeting. May Outlook Bitcoin (BTC) fell to a low of 25,810 last Friday, which came after a breakout occurred at a key price floor of 26,500. This move saw the world’s largest cryptocurrency plunge to its weakest point since March 17, when the price was below $25,000. Since then, BTC has somewhat rebounded, climbing to a peak of 27,527.51 earlier in today’s session. From the chart, one of the catalysts for this move was the 14-day relative strength index (RSI), which rose above a ceiling of 42.00. The index is now tracking at 44.66, with Bitcoin reentering its own support point at 27,500, with bulls seemingly targeting 28,000 in the near term. A big test will be what happens when the RSI reaches a ceiling at 48.00, should it move beyond this, not only will BTC be above 28,000, but, there is a good chance that it could hit 30,000 before the month’s end. 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
by CryptoSanders9563
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was back above a key price level to start the weekend, as it once again rose above the 1,800 mark. ETH/USD hit a peak of 1,816.06 in today’s session, less than 24 hours after declining to a low of 1,747.94. Bulls have seemingly taken yesterday’s move to a multi-week low as an opportune moment to increase position sizes in ETH. this was helped by the fact that RSI found a stable point of support, which in the case of ethereum was at the 41.00 zone. From the floor, price strength is now taking close to a ceiling at 45.00, and should this be broken, ETH will possibly move back above a key point at 1,830 Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
4
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip. After falling to a low of 25,878.43 on Friday, BTC/USD rose to an intraday high of 26,989.07 earlier in the day. Today’s rebound sees bitcoin jump back above a key support point at 26,500, following Friday’s breakout. From the chart, it appears that this took place as the 14-day relative strength index (RSI) found a floor of its own at 36.00. price strength is tracking at 37.99, with a ceiling of 43.00 as a possible target. Should bulls lead the charge to this point, it is likely that Bitcoin will be back above the 27,000 level this weekend. 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
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin continued to consolidate on Wednesday as markets awaited the latest inflation report from the United States. After hitting a high of 27,824.39 on Tuesday, BTC/USD fell to a low of 27,375.60 earlier in today's session. Today's move pushed Bitcoin closer to the key 27,300 support point, although the price bounced back again. Overall, it appears that the previous decline was followed by a breakout in the Relative Strength Index (RSI). Price strength moved below a floor at 43.00 with the index tracking at 42.63 at Bitcoin is now trading at $27,430.96. 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
by CryptoSanders9563
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, 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. 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
by CryptoSanders9563