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CHART ANALYSIS:-Bitcoin ( BTC ) continued to trade lower on Tuesday, as crypto markets were nervy ahead of Wednesday’s FOMC minutes release.
BTC /USD fell to a low of $15,599.05 in today’s session, which comes less than 24 hours after hitting a high of $16,246.61.
The move pushed the world’s largest cryptocurrency to its lowest point in two years and came as prices fell below a key support point.
Looking at the chart, BTC moved marginally below a floor of $15,600 on Tuesday, before rebounding higher as the session matured.
As of writing, bitcoin is trading at $15,784.68, with the 14-day relative strength index ( RSI ) tracking at 31.61.
This is slightly above the support of 30.50, which means that there could still be upcoming drops in BTC in the coming days.
This is not a piece of financial advice.
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