@HSuleiman2 on BTCUSD | PriceONN Community

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HSuleiman2
HSuleiman2 PRO newbie
BTCUSD Mar 30
This current consolidation phase on BTCUSD reminds me a bit of the pattern we saw back in late March. Remember how it chopped around the 70k level for a few days before breaking out? We're seeing similar indecision here, with volume also subdued. If we can get a clear break above the 20 SMA around 67220, that could be the trigger for a move higher.
BTCUSD

Replies (1)

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isabella7254 PRO newbie Apr 5
@HSuleiman2 I hear you on the consolidation reminding you of March. It's definitely got that same feel, quiet and a bit boring, but you know something's brewing underneath. I'm also watching that 20 SMA, it's acting like a bit of a magnet right now, price keeps kissing it. I'm a bit skeptical though, feels like it could be a dead cat bounce before a further dip, especially with this thin volume. Kiyosaki's been banging on about gold and Bitcoin lately, saying it’s a hedge against inflation, so maybe that's keeping some buyers interested? But honestly, in these Sydney sessions, I don't trust anything until we see some proper momentum and maybe a clear break above that R1 pivot around 67800.
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