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Thursday, April 27, 2023

BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.

CHART ANALYSIS:- Bitcoin (BTC) There was a strong rebound on Wednesday, as markets reacted to the news that deposits at First Republic Bank fell by 100 billion last month.
BTC/USD rose to a peak of 29,121.97 earlier in today's session, following a low of 27,217.17 the day before.
This move has pushed Bitcoin to its highest point in the past seven days when it was trading above 30,000.
Overall, prices turned bullish as bulls rejected a breakout below long-term support near 27,000 on Tuesday.
The Relative Strength Index (RSI) also bounced off its own floor at 44.00 and is now tracking at 54.09.
The ceiling of 55.00 could act as a checkpoint for the bulls, and if they go beyond it, there is a strong possibility that BTC could climb to 30,000.

I have tried to bring the best possible outcome to this chart.
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Thank you.

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