BTC Remains Higher Ahead of Fed Rate Decision
Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was trading close to the $18,100 level on Wednesday, as markets remained higher following the latest U.S. inflation report.
Following a low of $17,412.19 on Tuesday, BTC/USD surged to a peak of $17,690.09 earlier in today’s session.
As a result of this move, BTC continues to trade close to its highest point since November 9, which is the last time price was above $18,100.
Looking at the chart, this recent rise in momentum came as the 14-day relative strength index (RSI) raced to its highest point since early November.
As of writing, the index is tracking at the 60.00 mark, which is marginally below a key ceiling at the 60.75 mark.
Should bitcoin climb beyond this point, we could see the coin once again move above the $18,100 point.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was trading close to the $18,100 level on Wednesday, as markets remained higher following the latest U.S. inflation report.
Following a low of $17,412.19 on Tuesday, BTC/USD surged to a peak of $17,690.09 earlier in today’s session.
As a result of this move, BTC continues to trade close to its highest point since November 9, which is the last time price was above $18,100.
Looking at the chart, this recent rise in momentum came as the 14-day relative strength index (RSI) raced to its highest point since early November.
As of writing, the index is tracking at the 60.00 mark, which is marginally below a key ceiling at the 60.75 mark.
Should bitcoin climb beyond this point, we could see the coin once again move above the $18,100 point.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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