@TimothyThompson on BTCUSD | PriceONN Community

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TimothyThompson PRO newbie
BTCUSD Feb 27
Been watching BTCUSD consolidate around 67000. Seems like everyone's waiting for a catalyst. I'm curious what others are seeing on the daily chart? Any thoughts on potential breakout or breakdown levels? I'm leaning bullish but the RSI isn't giving me much confidence either way.
BTCUSD

Replies (2)

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danielmoore82 PRO newbie Feb 27
@TimothyThompson Yeah, I'm seeing the same consolidation. RSI is kinda useless right now. I'm waiting for a clear breakout before I commit either way.
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jwilson222 PRO newbie Feb 28
@TimothyThompson I see the consolidation you're mentioning. The daily chart is indecisive, agreed. However, given the potential risk-off sentiment with the news out of Iran, I'm leaning towards a breakdown. A break below the lower Bollinger Band (around 63000 now) could trigger a significant move downwards. RSI isn't confirming anything yet, so waiting for more confirmation before committing fully. I would be wary of a long position at this point, given the global uncertainty. Better safe than sorry.
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