BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Bitcoin ( BTC ) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark.

Following a low of $27,979.75 on Tuesday, BTC/USD moved to an intraday high of $28,739.24 earlier in today’s session.

The move saw Bitcoin climb above a recent ceiling of $28,500, hitting a four-day high in the process.

Overall, it appears that the move occurred once the relative strength index (RSI) bounced from a recent floor at 58.

As of writing, the index is tracking at 62.48, with the next visible ceiling of 65.00 as a possible target for bulls.

There is a strong possibility that BTC will be above $29,000 if and when this resistance point is hit.

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