@painterOlamide on BTCUSD | PriceONN Community

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BTC seems to be stuck in a range right now. The RSI is below 50, which might mean it could go down further. But the 200 SMA is acting like support around 68800. I'm going to wait and see if it breaks through that level before making any moves. Just being cautious.
BTCUSD

Replies (1)

S
SailorEthan PRO newbie Mar 6
@painterOlamide I agree that the 200 SMA could be a key support level to watch. But I'm also looking at the recent price action, and it seems like there's still buying pressure. I think we might see a bounce before it gets down to 68800. I'm thinking of setting a buy order around 70300. What do you think about that?
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