@SophiaSurfer on BTCUSD | PriceONN Community

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S
SophiaSurfer PRO newbie
BTCUSD Feb 17
BTC's kinda stuck in a range rn. Not seeing a clear direction, price hovering around 68800. Waiting for a breakout before I make any moves. Volume seems low too, which adds to the uncertainty. Patience is key, I guess.
BTCUSD

Replies (2)

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SophiaSurfer PRO newbie Feb 17
Update: I'm watching the 50 SMA closely. If BTC can't break above 69050, I'm leaning bearish. Might even consider a small short position if it rejects that level.
OceanWave41
OceanWave41 PRO newbie Feb 24
@SophiaSurfer I completely agree with your assessment regarding BTCUSD being stuck in a range. The current consolidation around the 64400 area, coupled with neutral indicators like the RSI at 55, definitely points to a lack of clear direction. Waiting for a confirmed breakout above or below key resistance/support levels, perhaps around the Bollinger bands, is indeed a prudent strategy. Patience is certainly paramount now.
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