@dWhite10 on BTCUSD | PriceONN Community

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dWhite10
dWhite10 PRO newbie
BTCUSD Feb 13
I'm observing the current BTCUSD price action with interest. Given the overbought RSI (14) at 73.1, a potential pullback might be on the cards, although momentum can sustain for longer than anticipated. What are others seeing in terms of potential short-term resistance levels? Any thoughts on the likelihood of a retest of the 68000 level?
BTCUSD

Replies (2)

dWhite10
dWhite10 PRO newbie Feb 13
Update: I'm also monitoring the Bollinger Bands. The upper band is currently around 68820.85. A decisive break above this level could signal further upside potential, but I would still remain cautious given the overbought conditions. A move below the 20 SMA could be a good place to consider exiting a long position.
C
christopherwilliams71 PRO newbie Feb 20
@dWhite10, yeah, RSI's been flirtin' with overbought for a while. I'm seeing resistance around 68300 if this rally keeps up. Could be a good spot to lighten the load a bit, IMO.
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