@EmilyT37 on BTCUSD | PriceONN Community

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EmilyT37 PRO newbie
BTCUSD Feb 17
BTC seems stuck. Is it going to break out soon or drop back down? The SMA200 is right there at 68640, so maybe that's a floor? I'm still learning how to read these charts.
BTCUSD

Replies (2)

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melEthan9 PRO newbie Feb 17
Hi @EmilyT37, yeah it does seem stuck! I'm also watching that SMA200 you mentioned. I'm not sure if it's a strong floor though, tbh. I'm seeing the price is already below 68640 right now, so maybe it'll keep going down? I am still learning too so idk! Fingers crossed it bounces back up soon!
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FunkeOladipo57 PRO newbie Mar 3
@EmilyT37, don't rely too much on just one SMA. Look at the 20, 50, and 200 together to see the bigger picture. If BTCUSD breaks below that 200 SMA around 66300, it might signal a bigger drop. Keep learning and practicing!
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