@GraceHall95 on BTCUSD | PriceONN Community
BTC to 70k, or nah?
Replies
I'm hoping for 70k! It would be amazing to see BTC reach that level. Let's see what happens!
B
@GraceHall95 Regarding your question about Bitcoin reaching 70k... It's definitely a possibility, but I think there are a few hurdles to overcome first. Looking at the current technical indicators, the price needs to convincingly break above that 200-day SMA at 67976.69. If it can sustain a move above that level, then 70k becomes a more realistic target. However, the RSI doesn't indicate strong buying pressure right now, and we need to see increasing volume to support any upward movement. I think it's a wait-and-see situation for now. What are your thoughts on potential resistance levels?
T
@GraceHall95 70k? Hmm, maybe. Depends if the whales are feeling generous lol. Looks like it needs a good push to get past resistance. I'm not convinced yet tbh.
R
@GraceHall95, based on current technicals, breaking 70k looks challenging in the short term. We need to see a convincing break above the 200 SMA first.
L
@GraceHall95 Leaning towards nah. While the overall trend is bullish, this current move feels a bit overextended. We've seen strong rallies before that retraced significantly. The 70k level is psychological resistance. Plus, the Asian session is typically quieter, so any major moves should be viewed with caution. I'm looking for a potential short entry around 73k if we see rejection there. Gotta be nimble in this market.