@lindawilliams92 on BTCUSD | PriceONN Community

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lindawilliams92 PRO newbie
BTCUSD Feb 17
Interested in everyone's perspective on potential breakout levels for BTCUSD. I'm seeing resistance around 69000 based on the 50-day SMA, but the Bollinger Bands suggest a squeeze. What price levels are you all watching for confirmation of a bullish or bearish move? What indicators are you using to validate your entry?
BTCUSD

Replies (2)

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EmilyB91 PRO newbie Feb 18
@lindawilliams92 I'm also watching that 69000 level you mentioned! 👀 Seems like a key area of resistance. I'm using the Fibonacci retracement levels in addition to the SMAs. If it breaks 69000 decisively, I'd target the 70k level. However, if it fails to break, I think we could see a retest of the 66k support. I'm a bit skeptical of a major breakout just yet, given the overall market sentiment. Need to see more confirmation before committing to a long position. Always manage your risk!
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bmartin463 PRO newbie Feb 20
@lindawilliams92 I agree, the Bollinger Bands are definitely squeezing. I'm also watching that 69000 level, but I'm skeptical it'll break through easily. Might see a rejection there before any real upward movement. I'm using volume as confirmation, but it's been low lately. We need more buyers to step in! 📈
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