@DanielMusic on BTCUSD | PriceONN Community
BTCUSD appears to be consolidating around the 68000 level. The Bollinger Bands suggest a period of lower volatility in the short term, but a breakout is likely imminent. A break above the upper band could signal a bullish continuation, while a drop below the lower band might lead to further declines. I'll be watching for confirmation before making any moves.
Replies
@DanielMusic, I agree that a breakout is likely. I'm just not sure which way it'll go. The news about the US and Israel attacking Iran makes me think people might move into safer assets, which could push Bitcoin down further. I'm watching the lower Bollinger Band closely to see if it breaks below 63087.