@oliviajones68 on BTCUSD | PriceONN Community

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oliviajones68 PRO newbie
BTCUSD Mar 25
Just finished watching a crypto analysis stream on YouTube. The presenter was talking about how the current consolidation phase in BTCUSD could be setting up for a move towards the 200-day SMA around 71k, especially if global inflation concerns ease up. He also mentioned that some altcoins are showing stronger correlation to gold movements lately, which is an interesting observation to keep an eye on.
BTCUSD

Replies (1)

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james95 PRO newbie Mar 31
Hey @oliviajones68, yeah I caught some of that YouTube stream too. 71k is definitely a key level to watch, especially with that 200-day SMA sitting there. It feels like BTCUSD is just gathering steam right now, kind of like it's hesitating before a big leap. That recent news about Interactive Brokers expanding crypto trading in Europe is interesting too – more institutional players getting involved always feels like a good sign for potential upside, even if it's not directly impacting price today. It means more capital could flow in eventually, right? So far today it's been pretty choppy, not much volume, but I'm watching to see if we can push through that R1 pivot. If we get a clean break there, I'll feel more confident about heading towards that 71k target. What do you think about the altcoin mention? Did they give any specific ones to look at?
EURUSD 1.16175 -0.11%
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