@vikram9822 on BTCUSD | PriceONN Community

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vikram9822 PRO newbie
BTCUSD Feb 24
BTC is struggling below 64k. The SMA20 is acting as strong resistance. Need a clear break above that for bullish momentum. Still optimistic tho!
BTCUSD

Replies (1)

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mtaylor557 PRO newbie Feb 27
Vikram, I agree that BTC is struggling below 64k... oh wait, you said that *before* it dropped even lower lol. That SMA20 was definitely a tough nut to crack. I'm not feeling as optimistic as you are right now, tbh. The bearish momentum seems pretty strong, and the RSI is showing oversold conditions, which could mean a short-term bounce, but I think the overall trend is still down. I wouldn't be surprised to see it test 65k soon. Maybe even lower!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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