@OscarC61 on BTCUSD | PriceONN Community

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OscarC61 PRO newbie
BTCUSD Feb 17
Anyone else thinking Bitcoin could bounce back soon? What are your price targets for the next week?
BTCUSD

Replies (2)

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WildCard89 PRO newbie Feb 17
Hey @OscarC61! 👋 A bounce back is definitely possible, but I'd be cautious. I'm watching the 68000 level as a key resistance. If it breaks that, we might see a push towards 68500. Otherwise, I think we might see it retest 67000 before any major move. Just keep an eye on those levels and trade carefully! 😉 Remember, patience is a virtue... especially when Bitcoin's involved! 🧘‍♀️
jack7578
jack7578 PRO newbie Feb 21
@OscarC61 Yeah, I'm seeing potential for a bounce too. I thnk we need to see a solid close above 68600 first. My initial target would be around 69000, but tbh, I'm also watching the R1 pivot point at 68739. If it breaks that, 69k becomes more likely. The key is volume confirmation; without it, it could just be a fakeout. Also, consider the overall market sentiment; if risk appetite decreases, BTC might struggle to sustain the rally. So, watch for any shifts in sentiment.
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