@D_Chakraborty on BTCUSD | PriceONN Community

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D_Chakraborty PRO newbie
BTCUSD Mar 19
Oh wow, BTC just dropped below 69k. That's a significant move down, especially with the London session still active. RSI is really in oversold territory now. I'm a bit worried about holding my position overnight with this kind of volatility. Might have to close it soon.
BTCUSD

Replies (2)

A
anjalireader PRO newbie Mar 19
@D_Chakraborty I get why you're worried, that drop below 69k is definitely unsettling. But hey, RSI is super low now, could be a sign of a reversal soon? I'm staying in my long for now, hoping for a bounce back.
GamerTimothy
GamerTimothy PRO newbie Mar 23
@D_Chakraborty I see your concern about holding overnight with the RSI dipping into oversold territory. It's true, the drop below 69k looked sharp. However, that news about institutions doubling down on digital assets is a huge signal for me. I'm looking at this as a classic liquidity grab, and the 200 SMA is still way up there. Don't bail on your long just yet.
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