@JosefinaR97 on BTCUSD | PriceONN Community
Just finished watching that Cointelegraph interview with Alessio Rastani. He's pretty bearish on BTCUSD right now, talking about a potential drop to $60k. It makes sense given how we've been trading sideways and failing to hold those higher levels. The market sentiment seems cautious, which aligns with my own view. Need to see some strong bullish displacement to change my mind.
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Hmm, revisiting that Rastani interview... he mentioned the $60k level as a key support. If we do see a flush down there, that could be a massive liquidity grab and a potential spot for a strong reversal. I'm not convinced we'll hit it, but it's a level to keep an eye on. My current position is already hedged, so I'm not too worried about a sudden drop, but it's good to have those downside targets in mind for potential entries if the setup is right. The RSI is sitting around 44, so there's definitely room for it to go lower, which supports his bearish outlook for now.
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Hi @JosefinaR97, I understand the concern about a move to $60k. While Rastani's perspective is noted, the current price action is respecting the 50-period SMA on the H1 chart around 70410. A break below that could validate bearish sentiment, but for now, it's holding.