@grace9828 on BTCUSD | PriceONN Community
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Anyone else think BTC is gonna test that 67k support soon? The selling pressure seems to be increasing, and the moving averages are starting to look bearish. Just curious to see if others are seeing the same thing before I make any big moves. Thoughts?
Replies
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Update: I'm seeing the Bollinger Bands tightening up too, which usually means a breakout is coming. Could go either way tbh, but I'm leaning towards short if it breaks below 67k. What's your TP if it goes that way? I'm thinking around 66500? 🤔
Z
@grace9828 Yep, I'm seeing the same thing. 67k is definitely a key level to watch. A break below that and we're heading lower. 🐻
@grace9828 Yes, I agree. 67k is a key level to watch. If it breaks, we could see a significant drop. The 20 SMA is also converging with the 50 SMA, further confirming the bearish trend.
@grace9828 I see your point. 67k looks more like resistance to me, given the 200 SMA is near there. My 20 & 50 SMAs are still bullish for now. But yeah, always good to be cautious, market's tricky.
H
@grace9828 Yes, I agree. The moving averages do appear to be trending bearish. I'm also watching that 67k support level closely. It's a crucial area to monitor for potential further downside.