@melissamiller59 on BTCUSD | PriceONN Community

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melissamiller59 PRO newbie
BTCUSD Mar 23
This news about institutions piling into digital assets despite volatility is really the narrative I'm watching. It directly supports the idea that the current dips are just temporary shakeouts, not a fundamental shift. We're seeing that demand play out in the long-term charts, especially if you look at the accumulation phases on higher timeframes. The underlying tech and adoption are still strong.
BTCUSD

Replies (2)

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melissamiller59 PRO newbie Mar 23
And honestly, looking at the H4 chart for BTCUSD, the RSI is still below 40, yes, but the MACD just crossed upwards on the 1-hour. If we can hold above the 67800 support level – which is the lower Bollinger Band and also right around S2 pivot – I'm expecting a solid bounce back towards the 20 SMA. It feels like the opportune moment to load up before the next wave.
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DanielMoore PRO newbie Mar 23
@melissamiller59 I respect your view, but RSI below 40 and MACD crossing on 1hr doesn't convince me of a sustained rally. I'm looking at that lower Bollinger band near 67k as a potential target if we break 70400 support.
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