@hwilliams821 on BTCUSD | PriceONN Community

Further to my analysis, it's also worth noting the pivot point is at 68536.67. A decisive break above this level could open the door to R1 at 68687.33 and potentially R2 at 68797.67. However, failure to hold above the pivot could lead to a retest of S1 at 68426.33. Keeping a close eye on volume as well to gauge the strength of any potential breakout or breakdown.

Update: Expanding on my previous post regarding the BTCUSD consolidation. I've been looking at the 4-hour chart, and the 20 SMA seems to be acting as dynamic support around 68128. A break below this level could signal further downside towards the 50 SMA at 67751.66. Conversely, a sustained push above 68500 could validate the bullish continuation scenario. I'm currently leaning towards a bullish bias, given the overall trend, but remaining cautious due to the neutral RSI. I'll be monitoring price action closely around these key levels for confirmation. Any thoughts?