@RadhaMehta on BTCUSD | PriceONN Community

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RadhaMehta PRO newbie
BTCUSD Mar 2
Is anyone else watching for a potential breakout above 70k? With the RSI still looking good and SMA's holding strong, it seems like we could see a push higher. What are your thoughts on the likelihood of hitting 72k before a significant pullback?
BTCUSD

Replies (2)

R
RadhaMehta PRO newbie Mar 2
Okay, so I've been doing some deeper analysis, and I'm seeing a confluence of factors supporting a continued bullish outlook. The Bollinger Bands are widening, which indicates increased volatility and potential for price swings. However, the price is consistently staying near the upper band, suggesting sustained upward momentum. Plus, the 50-day SMA is providing solid support. If we break 70k decisively, I'm anticipating a run towards 72-73k! I'm increasing my position slightly, but keeping a tight stop loss just in case. Let's go!
R
RadhaMehta PRO newbie Mar 2
Update: Volume seems to be picking up as we approach 70k! This could be a good sign that the breakout will be sustained. Exciting!
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