BTC/USDT 8HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- BTC is above the 100MA 8hr chart if BTC bounces from here we could see BTC go as high as $22300. This chart will be invalidated if BTC breaks $21,600
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) slipped to a two-week low on Thursday, with prices falling below $23,000.
Following a high of $23,191.32 on hump day, BTC/USD plunged to an intraday low of $22,458.26 in today’s session.
The decline sent bitcoin to its lowest level since January 26, as prices broke out of a critical support point at $22,500.
As can be seen from the chart, the sell-off came as the 14-day relative strength index (RSI) fell to a one-month low, after moving below a floor of its own.
The index is currently tracking at 56.50, which is marginally under its recent support level of 58.00 mark.
Since this bottom, bulls have moved to buy the dip, with BTC now trading at $22,540..04, as of writing.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell.
Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.”
BTC/USD rose to an intraday high of $23,367.96 earlier today, less than 24 hours after hitting a low of $22,781.95.
Looking at the chart, the move pushed bitcoin to its strongest point in four days and came as the 14-day relative strength index (RSI) ran into a ceiling.
The index rose to a ceiling at 65.00, however, momentum was not strong enough to break out of this point.
As of writing, the index is tracking at 62.92, with BTC falling from earlier highs, and currently trading at $23,195.36.
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Bitcoin to breakdown?Bitcoin - 24h expiry - We look to Sell a break of 22288 (stop at 22758)
A break of the recent low at 22304 should result in a further move lower.
22304 has been pivotal.
A move through bespoke support at 22300 and we look for extended losses.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 21111 and 20811
Resistance: 23119 / 23300 / 23600
Support: 22626 / 22500 / 22300
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rebounded from Monday’s lows in today’s session, with prices racing back above the $23,000 level.
Following a low of $22,692.03 to start the week, BTC/USD raced to an intraday high of $23,119.28 earlier in the day.
The move comes as bitcoin bulls rejected a move towards a long-term support point at $22,500, and instead bought the dip.
Looking at the chart, today’s rebound sees BTC snap a five-day losing streak, which came following a six-month high last Thursday.
Tuesday’s reversal also coincided with the 14-day relative strength index (RSI) bouncing from a floor of its own at 60.00.
As of writing, the index is tracking at 62.04 and seems to be on course to collide with a ceiling of 68.00.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week falling to a seven-day low, as market sentiment began to shift downwards.
BTC/USD has now fallen lower for five straight sessions, with today’s decline taking prices to a bottom of $22,734.48.
This drop saw bitcoin hit its weakest point since January 30, when prices were trading at a floor of $22,500.
Looking at the chart, the world’s largest cryptocurrency appears to be heading toward this point of support again.
Recent declines in BTC have come as the 14-day relative strength index (RSI) broke out of a floor at 68.00. It is now tracking at 61.15.
This is the lowest reading for the index in nearly a month and comes following an extended streak in overbought territory.
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#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
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Chart Analysis:- hi everyone BTC 2-hour update welcome guys as you see btc is going towards a similar RSI opposite flag pattern showing bear divergence if BTC bounces from $23150 we will see BTC as a will see making new high maybe BTC break $23000 the chart will be invalidated
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high.
Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday’s session.
Today’s decline sees bitcoin fall for a third straight day and comes following Thursday’s high of $24,262, which was BTC’s highest point since early-August last year.
As a result of recent declines, bitcoin’s 14-day relative strength index (RSI) is now tracking at 68.41.
This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11.
Should this floor fail to hold during today’s session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process.
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#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- as we can see the middle trend line of btc parallel channel where is acting as 100ma support I think btc may bounce from here and go back to 24200 and if breaks the 100ma chart will be invalid
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) fell lower on Friday, as market volatility rose ahead of the latest U.S. non-farm payrolls (NFP) report.
Following a high of $24,091.54 on Thursday, BTC/USD dropped to an intraday low of $23,390.38 earlier today.
Friday’s fall comes as BTC bulls were unable to sustain a breakout of a key resistance level at $24,000.
One of the reasons behind this was the 14-day relative strength index (RSI), which also failed to break out of a recent ceiling at 74.00
As of writing this, the index is now tracking at 69.48, which is slightly above the support level at the 68.00 mark.
Should this floor fail to hold during today’s session, then there is a strong chance that BTC will move below $23,000.
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BITCOIN - Greed Is In the Air With Bearish Signs of ReversalI'm watching the market cautiously at the moment. BTC is up almost 50% since its last low in December without even a 6% correction. We have had 5 consecutive higher highs, but the MACD has conversely made all consecutive lower highs. Taking a look a previous times this has happened in 2022, we had precipitous drops. Volume is also decreasing despite making higher highs. I am not sure how much more this run has left, but the risk reward favors the downside to me.
Given the Fed's announcement, there is a lot of excitement in the air. With BTC pumping and holding over $20k for 2 weeks now (on bearish news of increased US regulation on crypto and the Genesis bankruptcy announcement no less), it's seems ripe for a rug pull. $21k is the first support level I would look to see how the bulls respond if we dip. But that is only the .382 Fib retracement level and BTC loves the .618 which would be $19,300. That is quite the correction. This run may hit $25,000, but it may not. Erring on the side of caution and history, I think BTC will likely test $20k-$21k before it moves on to $30k, so I'll be waiting for the correction. Trade cautiously.
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC again attempted to break the horizontal resistance of the rectangular channel but could not close the candle above it and ended up as Faked Out.
It now holds itself above its horizontal support. Further consolidation can be expected inside the rectangular channel.
Now it is again trading below the horizontal resistance. Further consolidation inside the rectangular channel can be expected until a solid breakout or breakdown occurs.
A successful breakout of the rectangular channel will confirm a bullish move in the market. In contrast, a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher.
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Possibility of price correctionConsidering the decrease in the strength of the trend and the divergence that you see, it seems that we will have a maximum price correction up to the bottom of the yellow box. ($22,300 zone) If the $22,300-22,000 zone breaks, we will see the price fall to the support of 21,600 to 21,300. However, as long as the price is above the $19,700 range (ma200 in the daily time frame), all these losses will be price corrections and the direction of the trend is still positive.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August.
The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest policy meeting.
As a result, BTC/USD rose to an intraday high of $24,167.21, less than 24 hours after it was trading at a low of $22,877.75.
Thursday’s surge saw the world’s largest cryptocurrency climb to its strongest point since August 16, when prices reached a peak of $24,448.
This took place as the 14-day relative strength index (RSI) moved away from a recent floor of 68.00, and is now tracking at 74.10.
Should price strength continue on this course, a resistance level of 77.00 will likely be a target for current bulls.
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