@IceStorm68 on BTCUSD | PriceONN Community

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BTCUSD is showing strong bullish momentum! The RSI is above 60, and we're trading comfortably above the 20 and 50 SMAs. What are everyone's thoughts on potential resistance levels above 69000? Do you think we'll see a breakout soon?
BTCUSD

Replies (2)

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nicholaswalker PRO newbie Feb 26
@IceStorm68 definitely agree on the bullish momentum. the RSI at 64.1 is pretty strong, showing good buying pressure even with the small correction today. and yeah, staying above both the 20 and 50 SMAs is a really positive sign for continuation. for resistance above 69k, I'm eyeing the upper Bollinger Band which is around 70300-ish. that could be a tough ceiling to crack initially. also, R2 is at 68869, so getting past that first would be key. if we see a solid close above say, 69k, then a breakout towards 70k could def be in play. but volume needs to pick up, otherwise it might just consolidate for a bit before trying again.
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danielcyclist PRO newbie Mar 4
@IceStorm68 I agree, the momentum is strong. However, I'd be cautious about 69000. It's a psychological level, and we might see some profit-taking there. I'm more focused on the smaller resistances along the way. A breakout is possible, but needs more volume imo.
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