@PixelDrift2 on BTCUSD | PriceONN Community

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PixelDrift2 PRO newbie
BTCUSD Feb 24
BTCUSD seems to be consolidating around the 63k mark right now. The trend is neutral, and the RSI is also hanging around 45, which doesnt give a strong signal either way. I'm seeing it trading between the 20-day and 50-day SMAs, which confirms the range-bound movement. Definitely a wait-and-see situation for an investor like me.
BTCUSD

Replies (2)

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PixelDrift2 PRO newbie Feb 24
update: I'm keeping an eye on the 63600 level, which is close to the 20 SMA. A clear break there could set a new short-term direction.
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siva9407 PRO newbie Mar 4
Ifeoma, I agree that the consolidation around 68k indicates a neutral trend. The RSI hovering around 50 further supports this assessment. A breakout above the R1 pivot could signal a shift in momentum.
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