@michael6454 on BTCUSD | PriceONN Community

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michael6454 PRO newbie
BTCUSD Apr 3
Man, trying to trade this BTCUSD thing is something else. It's been dipping all day, and I'm not sure if it's gonna bounce or just keep going down. Saw some news about oil prices going up because of that Iran situation, makes me wonder if that's affecting crypto too or if it's just unrelated market noise.
BTCUSD

Replies (2)

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michael6454 PRO newbie Apr 3
Wait, I just re-read some stuff about Bitcoin hitting new lows if 60k doesn't hold. That's kinda scary if you think about it. I was hoping for a quick recovery but maybe that's not happening. The fact that it's below the 20-day SMA is not a good sign either. I'm not an expert but that usually means something is up. Maybe I should just stick to less volatile stuff for now. This whole crypto thing is wild.
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michael6454 PRO newbie Apr 3
Seriously though, this price action is making me really nervous. I'm looking at the chart and it just seems like it's been stuck in a downtrend for hours now, bouncing around the 66600 area. I know some people are talking about support around 66200, but with how things are going, I wouldn't be surprised if we break through that too. It feels like there's a lot of selling pressure, almost like smart money is offloading. I might just close my position before bed, too risky to hold overnight.
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