@thomasdavis96 on BTCUSD | PriceONN Community

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thomasdavis96 PRO newbie
BTCUSD Apr 5
Seriously, what is even happening right now? 😅 The price is just bouncing around the 67k mark. I thought after that news about Nakamoto selling, it would drop harder but it just kinda held. So confusing! Is this the calm before a storm, or are we just stuck here for a bit?? Should I even be looking at this so late?
BTCUSD

Replies (2)

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mia86 PRO newbie Apr 6
@thomasdavis96 Hey Thomas, it's definitely looking more like consolidation than a storm right now. The price is respecting the daily pivot point around 69.9k, but more importantly, it's staying above the 50 and 200 SMAs on the daily. I'm watching for a clean break above 70k, that would be a strong signal.
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florencemurphy75 PRO newbie Apr 7
@thomasdavis96 I feel you, Thomas. It's like watching paint dry but with actual money on the line, which is way more stressful. This whole 'extreme fear' narrative is a bit confusing when the price is just hovering. I saw that bit about South Korea demanding crypto exchanges check holdings every five minutes, which sounds like a regulatory move to tighten things up. It's probably adding to the general uncertainty, making people hesitant to commit. I'm personally staying out for now because the RSI is way too high anyway, flirting with 80. Seems like a risky time to chase anything up here, even if it's just consolidating. I'd rather wait for a clearer signal, maybe a break below 67k or a solid push past that 70k pivot.
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