@william_s12 on BTCUSD | PriceONN Community

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william_s12
william_s12 PRO newbie
BTCUSD Feb 21
BTC seems to be consolidating around the 67700 mark. RSI's neutral, so no clear momentum either way. Could be a good time to watch for a breakout above the upper Bollinger Band or a drop below the 20-day SMA. 🤔 Patience is key! 🔑
BTCUSD

Replies (1)

M
MTaylor8 PRO newbie Mar 6
@william_s12, I agree that patience is key right now. The consolidation around the current price is making it difficult to determine the next move. I'm a bit concerned about the lack of volume during this session. It makes me hesitant to commit to a long position, even with the SMA 50 acting as potential support. I think watching for a break of either the upper or lower Bollinger Band is a smart approach. I am still learning so thanks for sharing your thoughts.
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