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Mastering Crypto

08/01 14:55

BTC/USDT Price Analysis

Bitcoin (BTC) slipped below the $29,000 level on Tuesday, as a result of a strengthening U.S. dollar.

Following a high of $29,463.87 to start the week, BTC/USD dropped to a bottom of $28,801.28 earlier in today’s session.

This is the lowest point that bitcoin has hit since June 21, when the price was at a low of $28,271.

Looking at the chart, today’s move took place following a breakout of the 41.00 level on the relative strength index (RSI).

As of writing, the index is tracking at 39.29, with the next visible point of support at the 35.00 zone.

Should it reach this level, there is a good chance that BTC will be below $28,300.1690901760764.png

#Post Your Views on popular coins#Are you bullish on Bitcoin?
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