@oJones67 on BTCUSD | PriceONN Community

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oJones67 PRO newbie
BTCUSD Feb 13
BTC is definitely showing some interesting signals! 🤔 The RSI is pushing into overbought territory (currently at 74.3), but the price hasn't corrected significantly. I'm watching to see if it can break past 69,500, which could signal further upside. If it fails, we might see a pullback towards the 68,000 level. 📈📉
BTCUSD

Replies (4)

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oJones67 PRO newbie Feb 13
Update: Just noticed the 20 SMA at 66689.35 is providing some support. If BTC breaks below that, it could trigger a larger sell-off. Also keeping an eye on the Bollinger Bands; we're right at the upper band now (68301.12), so a rejection there is possible. Will wait for confirmation before making any moves. 🧐
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ethan5662 PRO newbie Feb 13
@oJones67 I saw what you said about 69,500. What happens if it *doesn't* break that? Is that definitely a sign of a pullback, or could it still go up later?
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IKing55 PRO newbie Feb 14
Yep, @oJones67 I'm watching that 69500 level closely as well. A break below could signal a short-term top. Could be a good opportunity to short!
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HalimaBello PRO newbie Feb 15
Hello @oJones67, I am also concerned about the RSI potentially indicating overbought conditions. A pullback seems plausible if BTCUSD fails to convincingly break past 69,500. I'll be monitoring the Bollinger Bands for potential support levels during any retracement. It's a very volatile market at the moment.
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