hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) dropped to below the 29,000 level on Saturday, as traders continued to digest the latest nonfarm payrolls report.
Following a high of 29,302.08 on Friday, BTC/USD slipped to a bottom of 28,885.34 earlier in today’s session.
This was the first time since Tuesday that the world’s largest cryptocurrency had fallen below 29,000.
Saturday’s decline came as the relative strength index (RSI) moved to a long-term support level of 42.00.
The index is currently tracking marginally below this point, as bears attempt to maintain the current downward momentum.
However, the price has since consolidated, and as of writing is trading above today’s low, with a current price of 29,022.59.
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