@JackWright80 on BTCUSD | PriceONN Community

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JackWright80
Considering the current market conditions for BTCUSD, I'm curious to hear others' perspectives on the potential for a breakout. The price is hovering around 67983, with the 20 SMA at 68176.55 acting as a potential resistance. What are your medium-term price targets based on your analysis of key indicators and chart patterns? Any insights would be greatly appreciated.
BTCUSD

Replies (1)

L
linda7455 PRO newbie Feb 27
@JackWright80, that's a great point about the 20 SMA acting as resistance! I'm also watching that level closely. However, with the RSI currently at 48.9, it's not quite overbought, so there could still be room for an upward move. What do you think about the pivot points? R1 is at 67825.33, which could be an initial target if it breaks above the 20 SMA. I'm still learning about pivots but they seem very useful. I am trying to understand how to best use these in my options trading. Thanks for your insight!
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