@jackallen12 on BTCUSD | PriceONN Community

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J
jackallen12 PRO newbie
BTCUSD Mar 25
This Robinhood news is total garbage, trying to link their stock drop to crypto volatility. Pure narrative spin by the media to scare retail out before the next pump. They always do this, blame anything but the manipulation.
BTCUSD

Replies (1)

J
JunaidSaeed87 PRO newbie Mar 31
Hello @jackallen12, I understand your frustration with the narrative spin surrounding market movements. While I agree that manipulation is a constant factor, attributing every price swing solely to it can be a distraction. From a technical standpoint, we're seeing BTCUSD struggle to sustain momentum above the 20-day SMA, and the RSI is not showing strong bullish divergence to support a significant upward move yet. The recent sideways action, respecting the pivot point at 66930 and encountering resistance at the 50 SMA, indicates a market in consolidation rather than a clear pump. It's crucial to differentiate between media narratives and actionable price data. The 'next pump' will reveal itself through technical confirmation, not just wishful thinking or blaming external factors for every dip.
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