@hwilliams821 on BTCUSD | PriceONN Community

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H
BTCUSD seems to be consolidating around the 74500 mark. The 20 SMA is acting as immediate support, and the RSI at 55 suggests we're not overextended yet. Given the recent news about GSR acquiring Autonomous, which indicates institutional interest in building crypto capital markets, I'm leaning towards a continuation of the bullish trend. Expecting a move towards R1 at 74843 in the short term, provided we hold above the P pivot at 74616.
BTCUSD

Replies (1)

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george7734 PRO newbie Mar 17
Hey @hwilliams821, totally agree about the consolidation around 74500. I'm also keeping a close eye on that 20 SMA you mentioned. It's been holding pretty well. Given the general bullish sentiment from that market cap increase news and the institutional interest from GSR, I'm feeling optimistic too. Might even consider a small buy order if we see a clean bounce off that 20 SMA in the next hour.
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