@adam3405 on BTCUSD | PriceONN Community

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adam3405 PRO newbie
BTCUSD Mar 12
I think BTC is going to test the 71k level again soon. The SMAs are all converging around 70k, which usually means a breakout is coming. Plus, that headline about the Chinese fraud victims might spook some people into buying BTC as a safe haven. Just my 2 cents.
BTCUSD

Replies (2)

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AHarris27 PRO newbie Mar 18
@adam3405 I hear you on the SMAs converging, but this drop is pretty sharp, right? Makes me a bit nervous about that 71k level holding. That news about fraud victims is interesting though, not sure if it'll make BTC a safe haven or not.
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vSingh13 PRO newbie Mar 19
@adam3405 I see your point about the SMAs converging, it's a classic signal for potential breakouts. However, the current price action feels a bit weak. We're seeing some bearish displacement candles on the 15-min chart, and the RSI is still sitting below 40. That geopolitical stuff is definitely adding volatility, but I'm not convinced it's enough to make BTC a 'safe haven' right now, not with oil surging like that. We might see more liquidity grab below the current lows before any sustained move up to 71k. I'd be cautious about FOMOing into long positions at this stage.
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