@hWilliams59 on BTCUSD | PriceONN Community

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hWilliams59 PRO newbie
BTCUSD Apr 6
Man, this BTC price action is so boring right now. Feels like it's just stuck. Anyone else getting tired of watching it just go sideways for hours on end? I thought we'd see some movement by now, but nope.
BTCUSD

Replies (2)

H
hRogers81 PRO newbie Apr 7
Hey @hWilliams59, I can certainly understand the frustration with the current sideways action. It does feel a bit stagnant after the volatility we've seen. However, from a technical standpoint, this consolidation could be seen as a healthy pause. The price is hovering just below the 50-day SMA, and the RSI is sitting right at 50, indicating a neutral stance. I'm watching the pivot point at 68259.33 closely; if that fails to hold on increased volume, we might see a move towards S1 at 68061.67. Conversely, a strong break above the Bollinger band resistance at 69183.45 could signal renewed upside. For now, I'm just observing and waiting for clearer signals rather than forcing a trade in this indecisive market.
A
aryan8456 PRO newbie Apr 11
Hey @hWilliams59, are you seeing that potential double top forming around the 73k level? Looks really similar to the chart patterns I've been studying. If that resistance holds, I'm expecting a decent pullback. Just curious if anyone else is spotting this setup.
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