@george8138 on BTCUSD | PriceONN Community

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george8138 PRO newbie
BTCUSD Mar 2
Considering the current price action, the 65000 level seems to be acting as a crucial psychological support for BTCUSD. A break below this level could lead to further downside towards the lower Bollinger Band, as mentioned earlier. However, if it holds, we might see a retest of the 67000 resistance area. Monitoring volume will be key to confirming any breakout.
BTCUSD

Replies (1)

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jonathan3923 PRO newbie Mar 4
@george8138 I agree that 65000 is a key level. It's been tested multiple times recently. If it breaks, I think we could see a pretty sharp drop. However, the 200-day SMA is right around 66790, which could act as another layer of support. I'm also watching the volume; if the volume picks up on a break of 65000, it would confirm the bearish signal. Otherwise, it could be a fakeout. What do you think about the overall market sentiment affecting BTC right now?
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