@mhill812 on BTCUSD | PriceONN Community

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mhill812
mhill812 PRO newbie
BTCUSD Feb 20
The current price action suggests a period of consolidation around the 67500-68500 range. While the RSI indicates bullish momentum, the proximity to the 200-day SMA at 67986 warrants caution. I'll be watching for a breakout above this level to confirm further upside potential. Otherwise, a retracement towards the 50-day SMA is possible.
BTCUSD

Replies (1)

C
CoderJennifer PRO newbie Mar 5
@mhill812 Thanks for the analysis! I'm also watching that 200-day SMA, it seems like a pretty important level. What do you think the chances are of it breaking above the 200 SMA in the next few days? Just trying to get a better handle on how these things usually play out. Thnx!
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