@mumManish30 on BTCUSD | PriceONN Community

Further to my previous point on the BTCUSD ascending triangle, the fact that the price is respecting the rising support trendline even with all the uncertainty is quite telling. It suggests underlying buying pressure is present. If this pattern plays out as expected, we could target the height of the triangle projected from the breakout point. I'm also keeping an eye on the 50-day SMA around 67132, as that will likely act as a further resistance if we get past the immediate pivot points.

The ascending triangle I mentioned earlier for BTCUSD appears to be forming in conjunction with the current geopolitical tensions affecting oil prices. While the news on oil is concerning for broader markets, it might be indirectly fueling a flight to digital assets for some investors seeking alternative stores of value. The RSI is currently sitting at 53, which is neutral, but if we see a strong break above the 67000-67100 resistance area with increasing volume, that would invalidate any bearish interpretation of this consolidation. I'm looking to enter a long position on a decisive close above 67150, with a stop loss just below the trendline, perhaps around 66500. The pivot point at R1 (66996) is acting as immediate resistance, but I expect it to be overcome if the bulls push through.