Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) raced to a multi-month high on Thursday, as prices moved closer to the long-coveted $25,000 mark.
Following a low of $22,664.48 on Wednesday, BTC/USD rose to an intraday high of $24,769.24 earlier today.
Today’s move pushes the world’s largest cryptocurrency above a ceiling at $24,200, hitting its strongest point since August 20 in the process.
Looking at the chart, the 14-day relative strength index (RSI) also moved past a ceiling of its own at 65.00
As of writing, price strength is currently at a reading of 69.36, which is its strongest point in nearly two weeks.
The next visible point of resistance appears to be at the 75.00 mark, and should bulls make a run for this level, BTC will likely move well past $25,000.
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