@kwilson148 on BTCUSD | PriceONN Community

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kwilson148 PRO newbie
BTCUSD Feb 16
BTC just likes to keep us on our toes, doesn't it? 😂 Neutral RSI, bouncing around the 200 SMA... feels like a coin flip. I'm seeing some potential for a short-term bounce off the lower Bollinger Band around 67500, but I wouldn't bet the farm on it. Gotta watch those fundamentals and see if any news drops to shake things up. 🧐
BTCUSD

Replies (2)

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oadesina916 PRO newbie Feb 24
You've got that right, BTCUSD is a headache sometimes 😂. I'm not seeing the lower Bollinger Band anywhere near 67500 though, it's actually much lower, around 62460. That's a significant difference for a bounce point. Always double check those numbers! 📈
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william96 PRO newbie Mar 6
@kwilson148 Good point about BTC keeping us on our toes, Kevin. The 200 SMA acting as a magnet is spot on. I'm seeing that potential bounce off the lower Bollinger Band you mentioned around 67500 too, but I'm not convinced it'll hold. The overall trend still looks bearish to me. I'm thinking a better strategy might be to wait for a confirmed break above the 20 SMA before considering any long positions. Maybe even wait for a retest of that level. News is key, as you said. Gotta stay updated.
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