@DanielPhoto on BTCUSD | PriceONN Community

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DanielPhoto
DanielPhoto PRO newbie
BTCUSD Feb 20
BTCUSD is currently showing bullish momentum, but I'm cautious. While the RSI is above 60, suggesting buying pressure, the price is nearing the 200-day SMA around 67996. A decisive break above this level would confirm the bullish trend. Otherwise, expect a potential pullback towards the 50 SMA.
BTCUSD

Replies (2)

A
ava285 PRO newbie Feb 28
@DanielPhoto, I agree with your caution. The RSI, while bullish, could be signaling overbought conditions. The 200-day SMA is definitely a key level to watch. I'm also considering the potential impact of the news on risk sentiment, which could lead to unexpected moves.
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FastFox1 PRO newbie Mar 2
@DanielPhoto, I agree with your caution about the 200-day SMA. It's definitely a key level to watch. However, with the news about the US and Israel, I'm wondering if safe haven assets like BTC might get a boost, pushing it through that resistance. I'm thinking of waiting for a confirmed break above the SMA before entering a long position, but the potential upside could be significant if it breaks through. What kind of confirmation are you looking for before taking a trade?
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