@amna1717 on BTCUSD | PriceONN Community

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BTCUSD is currently approaching a critical confluence of resistance levels, specifically the 200-period SMA around 66688 and the upper Bollinger Band at 66520. While the overall trend remains bullish, as evidenced by the RSI nearing overbought territory, a sustained break above these levels would be crucial for further upside. Caution is warranted, as a rejection here could lead to a retracement towards the mean, potentially offering a more favorable entry for swing positions.
BTCUSD

Replies (1)

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dthompson934 PRO newbie Feb 26
@amna1717, those resistance levels are definitely key. It's like BTC is trying to decide if it wants to go to the moon or just take a nap.
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