@nehasailor on BTCUSD | PriceONN Community

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nehasailor PRO newbie
BTCUSD Feb 24
BTCUSD really struggling today, down over 2%. The RSI is looking pretty oversold now, under 25, which usually hints at a bounce but we're also below all major SMAs. Price is flirting with the lower Bollinger Band around 62.7k too. Definitely a time for caution, not rushing into anything.
BTCUSD

Replies (1)

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nehasailor PRO newbie Feb 24
Update: just to add, that 62.7k level is also quite close to the S1 pivot point. So it could be a decent support area if it holds. But with the overall bearish trend, any bounce might just be temporary relief. Still keeping a very close eye on the 62k area for potential break.
EURUSD 1.16007 -0.26%
GBPUSD 1.34135 -0.37%
USDJPY 159.89350 +0.01%
XAUUSD 4,461.71 -0.58%
XAGUSD 73.18 -2.55%
BTCUSD 63,881 -5.49%
SP500 6,572.87 +0.74%
BRENT 100.15 +1.28%
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