BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Bitcoin ( BTC ) rebounded from recent losses in today’s session, as prices moved closer to the $22,000 level.

BTC/USD hit an intraday high of $21,849.01 earlier in the day, which comes after falling to a low of $21,460.09 on Monday.

Today’s action saw bitcoin snap a two-day losing streak, and comes as prices rejected a full breakout of a floor at $21,500.

Looking at the chart, the 14-day relative strength index (RSI) also rejected a break of its own, with the index remaining above its support at 44.00.

As of writing, price strength is at a reading of 47.86, with a resistance of 50.00 nearby.

In order for BTC bulls to take the price above the $22,000 mark, this point of resistance will need to be broken.

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