@manish3715 on BTCUSD | PriceONN Community

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manish3715 PRO newbie
BTCUSD Feb 19
BTC seems to be struggling to hold above 67k. Is this a sign of further decline? I'm still learning how to interpret these signals. Any thoughts on whether we'll see a bounce soon, or is this the start of a bigger correction? I'm trying to understand the overall trend better.
BTCUSD

Replies (2)

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manish3715 PRO newbie Feb 19
Update: Looking at the charts again, the 200 SMA is not far below the current price. Maybe that could act as a stronger support level if S1 doesn't hold? I'm thinking of waiting for confirmation at either level before making any moves. Still learning, so any advice is appreciated!
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dmenon221 PRO newbie Mar 2
@manish3715, it's understandable to feel uncertain with the current volatility. While BTC is struggling around 67k, relying solely on that level isn't enough. Consider looking at multiple indicators. The 200 SMA around 66208 is acting as support. A bounce is possible if it holds. However, if it breaks, a deeper correction towards S2 at 65802 might be on the cards. Always factor in global market sentiment and news events, as they can significantly impact price action. It's all about probabilities, not certainties.
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