@elenagarcia70 on BTCUSD | PriceONN Community
BTCUSD is currently testing the 20-day SMA around 67945.95. A decisive break below this level, coupled with increasing volume, could lead to further downside towards the 50-day SMA at 67252.34. However, if it holds, we might see a retest of the recent highs near 69000. Caution is advised, given the current market volatility.
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Update: Observing the RSI(14) hovering around 53.3, indicating a neutral momentum. This suggests that the price action could remain range-bound between the Bollinger Bands (66178.37 - 69713.53) in the short term. I'll be monitoring for a clear breakout or breakdown from this range before considering a position. A break of the lower band could signal a test of S1 at 66853.33.