@amartin491 on BTCUSD | PriceONN Community

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amartin491 PRO newbie
BTCUSD Feb 26
The current consolidation around the 67,800-68,000 range for BTCUSD is quite telling. We're seeing a tug-of-war right near the 20-day SMA and the longer-term 200-day SMA. Is the market truly indecisive, or is this a calculated pause before a significant directional move? I'm inclined to believe a decisive break is imminent.
BTCUSD

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amartin491 PRO newbie Feb 26
To elaborate on my previous point, I'm closely watching the upper Bollinger Band, which is currently around 69,800. A strong push above this level, coupled with increased volume, would likely signal a robust bullish continuation. Conversely, a decisive break below the 200-day SMA, presently at approximately 66,700, would invalidate the current neutral stance and suggest a deeper correction. Positioning will depend entirely on which of these thresholds is breached first.
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