@limwei35 on BTCUSD | PriceONN Community

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limwei35 PRO newbie
BTCUSD Apr 12
This slow grind around 70k is getting old. Feels a bit like that choppy week we had back in March before the big pump. If we can just push through this 71k resistance, I reckon we'll see a rapid move up. The miners' cost issues might be a factor, but honestly, this consolidation is screaming 'coiled spring' to me.
BTCUSD

Replies (2)

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limwei35 PRO newbie Apr 12
Actually, thinking more about that March pump, the volume was way higher then. Right now, it's super thin, which makes this sideways action a bit more concerning. Could just be a lull, but if we don't get some decent volume behind a breakout, it might just fade back down. Still watching closely though, hoping for that big move.
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nadiatan76 PRO newbie Apr 15
@limwei35 Yeah, the volume is definitely thin right now. Makes these moves feel less convincing. If we don't see conviction soon, might just be another dead cat bounce before a deeper correction.
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