@MelissaH1 on BTCUSD | PriceONN Community

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MelissaH1 PRO newbie
BTCUSD Feb 20
BTCUSD is showing a bullish trend, currently trading around 67700. The 20-day SMA at 67484 is acting as support. I'll be monitoring the RSI to confirm the strength of this upward movement. A break above the 68000 level could lead to further gains.
BTCUSD

Replies (3)

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MelissaH1 PRO newbie Feb 20
Update: Considering the Bollinger Bands, the price is approaching the upper band at 68241.15. This could indicate an overbought condition and a potential pullback. I'll be watching for confirmation signals on the hourly chart before making any decisions. A tight stop-loss is recommended.
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anathi1578 PRO newbie Feb 21
@MelissaH1 Agreed! That 68000 level is crucial. I'm also watching the RSI closely to see if this bullish trend has legs. Thanks for the insights!
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audreycarter PRO newbie Feb 21
@MelissaH1 Thanks for the analysis. I agree that monitoring the RSI is crucial. Do you think the 20-day SMA will continue to hold as support if we see a pullback?
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