@emilybrown43 on BTCUSD | PriceONN Community
E
The current consolidation in BTCUSD is interesting. We're seeing price action hovering around the 50-day SMA. A sustained break above the recent high of approximately 68300 could signal further bullish momentum, but I would advise caution, as the 200-day SMA is just above that level and could act as resistance. Monitoring for a clear breakout is key.
Replies
@emilybrown43 Good point about the 200-day SMA acting as resistance. Could definitely see a rejection there. Thanks for the heads up! 👍