@JackB33 on BTCUSD | PriceONN Community

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J
JackB33 PRO newbie
BTCUSD Feb 21
BTCUSD showing some upward momentum, but the 200-day SMA is acting as resistance around 68100. Could see a pullback if it fails to break through. Keeping an eye on the RSI to confirm any potential reversals. Need to be cautious.
BTCUSD

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J
JackB33 PRO newbie Feb 21
Update: Still watching that 68100 level closely. If BTCUSD can push past it convincingly, we might see a run towards the R1 pivot around 67914. However, a failure to break above could signal a retest of the 20 or 50 SMA as support. Trade cautiously, always use stop losses. The Bollinger bands suggest increased volatility ahead. The halving might add fuel to the fire, but it's mostly priced in, I think. Any significant move down to S1 at 67778 could present a buying opportunity, but only if confirmed by other indicators.
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