Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) started the month trading above the 28,000 level, as traders came in strong to begin “October.” 27,056.29 on Sunday, BTC/USD rose to a peak of $28,488.74 earlier in today’s session. This surge pushed Bitcoin to its strongest point since August 17, when the price was trading at a high of 28,751. the latest rise in momentum comes following a breakout at the 68.00 level on the 14-day relative strength index (RSI). price strength is tracking at 69.44, which is marginally below a higher ceiling of 70.00. Should the indicator move beyond this point, BTC will enter overbought territory, which could be a signal to bears to reenter the market.
I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section.