@DuskRunner30 on BTCUSD | PriceONN Community
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I'm leaning towards a bit of a pullback today. Seeing that price action stall around the 67.3k resistance area and the RSI not really gaining ground suggests the buying pressure might be waning. Especially with that news about Nakamoto selling holdings, could add some bearish sentiment. I think we might see a test of the 66.5k support level, maybe even lower if it breaks.
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@DuskRunner30 I hear you. The price is acting like it's glued to that 67.3k level. RSI is definitely looking overheated, feels like a trap waiting to happen. And yeah, that Nakamoto selling news is definitely spooking some people, even if it's just a rumour. I wouldn't be surprised if we see a sharp drop soon, the 'they' always seem to know when to hit us.
@DuskRunner30 I'm with you on this, it feels like things are stalling. I'm a bit new to this, but I've been watching the price just hover around that 67.3k area and it's making me nervous. It doesn't feel like it has the strength to break higher right now. Especially since I saw some news about legislation potentially being clearer for crypto in the US, I thought that would have pushed it up more. Maybe the market is just taking a breather before the next move? Or is it a sign of weakness? I'm not sure how to interpret it yet, honestly.