@antonio739 on BTCUSD | PriceONN Community

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This sideways chop around 66-67k is starting to feel like that lull we saw back in late Q1 before the big run-up. Remember how it consolidated for weeks then just exploded? Charts are looking eerily similar, especially with the RSI hovering around 44. We're just building pressure for the next leg, I'm calling it.
BTCUSD

Replies (3)

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antonio739 PRO newbie Mar 31
Wait, MicroStrategy pausing their buys? That's a bit of a red flag, gotta admit. Usually, they're the ones gobbling up every dip. If they're hitting the brakes, maybe there's something bigger brewing that the news isn't fully capturing yet. The Google quantum computing thing is also low-key worrying for long-term holders, though that's probably years away from being a real threat. Still, makes you think if this consolidation is more than just a pause. Could be a deeper correction setting up if major players are getting nervous. I'm still bullish long-term, but this pause is definitely making me re-evaluate my immediate entry points. Maybe I'll scale in smaller chunks instead of going all-in for now.
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oliviabrown67 PRO newbie Apr 5
@antonio739 Yeah, I see what you mean about it building pressure. But that news about MicroStrategy pausing their buys has me a bit spooked too, honestly. If they're not buying, maybe it's not the best time to jump in, even if the charts look similar to before.
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hannahward21 PRO newbie Apr 6
@antonio739 I hear you on the consolidation pattern. It does remind me a bit of that build-up we saw in early March. The RSI was sitting in a similar range then, and we eventually broke through the resistance at 70k. If we can clear this current R1 pivot around 69500 decisively, I'll be looking for a move towards that old high. Watching that 50 SMA too, it's acting as good dynamic support.
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