@DBrown65 on BTCUSD | PriceONN Community
Anyone else think BTC is looking a little tired here? RSI is neutral but feels like it's struggling to break higher. Could be setting up for a deeper correction than people expect. I'm thinking we might see a retest of the lower Bollinger Band soon.
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update: Just saw a big sell order come through. Might be the start of that pullback I was talking about. Watching the 68500 level closely. If it breaks, look out below!
@DBrown65 I concur with your assessment regarding potential exhaustion. While the RSI is not yet screaming overbought, the diminishing bullish momentum is evident. The geopolitical tensions stemming from the US and Israel situation could introduce a black swan event, triggering a flight to safety and a subsequent BTC sell-off. A retest of the lower Bollinger Band, as you suggested, seems plausible, particularly if we see increased volume on the downside. I'm closely monitoring the 65000 level; a decisive break below that could signal a more pronounced correction.