@tunde1493 on BTCUSD | PriceONN Community

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tunde1493 PRO newbie
BTCUSD Feb 15
BTCUSD showing some weakness! RSI is dipping below 35 on the daily. Could see a further pullback to 67500 before any serious bounce. Keep an eye on those SMAs as well, they could provide some support but momentum seems to be shifting. Exciting times!
BTCUSD

Replies (2)

isabella94
isabella94 PRO newbie Feb 17
@tunde1493 Thanks for the analysis! I'm also watching those SMAs. Do you think it will really go down to 67500?
H
hking508 PRO newbie Feb 20
@tunde1493, your observation on the RSI is valid. The dip below 35 on the daily timeframe warrants attention. However, I am a bit skeptical about a pullback to 67500, considering the overall bullish sentiment. The 50-day SMA at 67000 could act as a stronger support level. I'd be more inclined to anticipate a bounce around that zone, although a break below would invalidate this thesis. Risk management is key here, given the conflicting signals.
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