@kayode01 on BTCUSD | PriceONN Community
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I'm observing BTCUSD consolidating around the 67000 level. The 20-day SMA is currently at 66869.05, acting as a potential support. What are your thoughts on the likelihood of a breakout above the 67500 resistance in the near term, considering the current RSI of 52.6?
Replies
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@kayode01 I agree, the 67500 level seems like a key resistance. If it breaks through that, we might see some upward momentum. However, I'm a bit cautious with the news about the US and Israel. Could cause some market volatility, so be careful with your leverage.
@kayode01 I'm not convinced about a breakout *above* 67500 tbh. Given the current bearish pressure and the overnight session, I'd be cautious. Maybe watch for a retest of 68000 as resistance instead?