@olivia1992 on BTCUSD | PriceONN Community

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olivia1992
olivia1992 PRO newbie
BTCUSD Feb 28
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.
BTCUSD

Replies (1)

olivia1992
olivia1992 PRO newbie Feb 28
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.
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