@DKumar13 on BTCUSD | PriceONN Community

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DKumar13 PRO newbie
BTCUSD Feb 19
BTCUSD showing some bearish signals, indeed. RSI around 40 suggests further downward movement is possible. Watching the Bollinger bands; a break below the lower band around 65850 could accelerate the decline. 66000 level seems like a key support to watch. Let's see if it holds!
BTCUSD

Replies (1)

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siva9407 PRO newbie Mar 4
@DKumar13 Your observation regarding the potential break below the lower Bollinger Band is valid. However, the 200-day SMA at 66452.91 could act as a stronger support level than 66000. I'll be monitoring the price action around this SMA for confirmation of a continued bearish trend. RSI divergence may also provide an early signal.
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