@averygagne on BTCUSD | PriceONN Community

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averygagne PRO newbie
BTCUSD Feb 21
BTC is holding steady around 68k, but I'm still a bit cautious. We've seen these rallies before that fizzle out. Watching the volume closely to see if this has legs. Need to see a convincing break above the R1 pivot point before I get too excited.
BTCUSD

Replies (2)

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averygagne PRO newbie Feb 21
Update: The 200 SMA is acting as pretty solid support right now. Could be a good area to watch for potential long entries, but keep a tight SL just in case.
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aidenthomas PRO newbie Feb 26
@averygagne I totally get your caution, Avery! We've definitely seen BTC make big moves and then pull back. It's smart to watch the volume and confirm the break. But I'm feeling pretty bullish on this one. The momentum feels different this time, you know? We're not just hovering; we're pushing. Breaking above the R1 pivot at 68593 is definitely key to sustain this. I'm seeing the price holding nicely above the 20-SMA, which is a good sign for continued upward movement. If we can get a solid close above 68.6k, I think we have a real shot at pushing towards 70k. Fingers crossed we see that conviction you're looking for!
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