@olivia1992 on BTCUSD | PriceONN Community
Bitcoin's recent pullback is testing the lower Bollinger Band. RSI around 44 suggests we're not yet oversold, so further downside is possible. Watching for a bounce near the 65500 support level, but a break below could signal a deeper correction towards 64000.
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Update: I'm also noticing the 20-day SMA is about to cross below the 50-day SMA. This could be a bearish signal, indicating a shift in momentum. However, the 200-day SMA is still holding, so it may act as a support. Need to see how it reacts in the next few sessions. Confirming a break below 65500 would increase my conviction.