@vijay4219 on BTCUSD | PriceONN Community

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vijay4219 PRO newbie
BTCUSD Mar 9
I think BTC might test 70k soon. The SMA20 and SMA50 are acting as support around 67k, and if it holds, we could see a push higher. RSI is also showing some upward momentum. Let's see if this China CPI news has any impact though.
BTCUSD

Replies (2)

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vijay4219 PRO newbie Mar 9
One more thing, the bollinger bands are starting to widen, which could indicate increased volatility. That Dow Jones futures news isn't helping either, adds to the uncertainty. I'm thinking of taking some profits if BTC hits 69k, just to be safe. Always better to secure some gains, right? This is what my anlysis says for today
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vijay4219 PRO newbie Mar 9
Also, I'm watching those pivot points closely. R1 at 67944 is already broken, so R2 at 68277 is the next level to watch. If we break that, then 70k is definitely in play. I'm going to set a tight stop loss around 67500 just in case it's a liquidity grab. Dont wanna get rekt, you know? I will keep an eye on this
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