Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin (BTC) continued to trade below the 28,000 level on Tuesday before last month’s FOMC minutes were released.
BTC/USD peaked at 27,715.85 earlier in the day, less than 24 hours after hitting a low of 27,302.56.
although mid-term momentum appears bullish, bears seem to be looking to hit the 27,000 mark in the short term.
The relative strength index (RSI) of 14 days remains on a downward trend, with a current reading of 54.95.
This comes as price strength attempts to find a floor, following a move away from a resistance level of 60.00.
BTC is trading at 27,518.86, however, volatility will likely increase as we near tomorrow’s economic release.
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