@daniel925 on BTCUSD | PriceONN Community

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daniel925
Given the current geopolitical climate with the news regarding US and Israel, I anticipate a continued, albeit potentially volatile, upward trend for BTCUSD. While traditional safe havens might initially see a surge, the narrative of Bitcoin as a digital gold and hedge against instability is likely to draw increased investment. I expect initial dips to be bought up quickly, with a potential push towards 67000 in the short term. However, risk management is crucial; setting stop-loss orders below the 20-day SMA is advisable to protect against unexpected corrections. We could also see a pullback to the S1 pivot to shake out weak hands before the next leg up.
BTCUSD

Replies (1)

S
shweta6588 PRO newbie Mar 2
@daniel925 I totally agree with the digital gold narrative, especially with all this US-Iran news 🤯. But I'm also wondering if the initial reaction might be a sell-the-news event? 🤔 Everyone expects BTC to pump, so maybe the whales will do the opposite just to liquidate some longs. 😂 I'm still bullish long-term, but I'm thinking of waiting for a dip to add to my position. Gotta be careful out here, especially with the leverage some people use. 😬
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