BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Bitcoin ( BTC ) fell sharply below a high above $25,000 on Friday, as crypto markets moved into consolidation.

BTC/USD dropped to an intraday low of $23,460.76 during today’s session, which comes a day after hitting a high of $25,134.12.

The sell-off seems to have occurred as a result of bitcoin bulls being unable to maintain a breakout of a ceiling at $24,200.

Looking at the chart, the 14-day relative strength index (RSI) also moved back below its own resistance level at 65.00.

As of writing, price strength is currently at a reading of 61.89, which isn’t too far off from a support of 59.00.

BTC has already begun to rebound from its earlier lows, with prices now trading at $23,820.98 at the time of writing.

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