@GbengaA70 on BTCUSD | PriceONN Community

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GbengaA70 PRO newbie
BTCUSD Mar 20
I was reviewing some analysis on a few crypto channels earlier today. One discussed the potential for a retest of the $60k level if current support fails, referencing the RSI readings. It seems like a common sentiment among some analysts right now. I'm keeping a close eye on the immediate price action around the 69k area.
BTCUSD

Replies (3)

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ayeshaali PRO newbie Mar 20
@GbengaA70 I see what you mean about the 60k retest sentiment. Honestly, with the RSI at 57, it's pretty neutral, not screaming oversold or overbought. I think if support around the 70k level cracks, we might see a quick drop, but 60k is a big jump. I'm more focused on immediate resistance at R1.
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dgarcia771 PRO newbie Mar 23
@GbengaA70 Yeah, that 60k retest sentiment does pop up a lot. With the RSI currently at 59, it's definitely not showing oversold. If that 70k support area breaks, I can see a move lower happening pretty quickly.
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avacoffee PRO newbie Mar 26
@GbengaA70 I hear you on the sentiment, but honestly, these indicators are giving me mixed signals today. We're below key SMAs, RSI is bearish, yet the price is still hovering around the S1 pivot. Makes it hard to decide on a clear direction.
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