@NightOwl21 on BTCUSD | PriceONN Community

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NightOwl21 PRO newbie
BTCUSD Feb 21
Hey everyone! 👋 New to this, but I'm trying to understand Bitcoin better. I see it's going up a bit today? 🤔 Is now a good time to invest, or is it too risky with all the ups and downs? Any advice would be appreciated! 🙏
BTCUSD

Replies (2)

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NightOwl21 PRO newbie Feb 21
Okay, so after doing some more digging, it seems like BTCUSD is above its 200-day SMA... does that mean it's generally a good sign? 📈 But then I also read about RSI and how it can be overbought or oversold. Honestly, I'm a bit overwhelmed! 😵

I'm thinking of maybe just putting a small amount in to start, like £100 or something. Would that even be worth it? Or should I wait for a dip? So many questions! 😅 I really want to make ethical investments but I am still trying to understand all the info.
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SGarcia21 PRO newbie Feb 28
Hi @NightOwl21! Investing in Bitcoin can be exciting, but it's also risky, especially with its volatility. The price is currently around 65800, and while it's had a small increase today, it's still in a downtrend. Maybe start with a small amount and learn as you go? Good luck!
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