@amit5664 on BTCUSD | PriceONN Community

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amit5664
amit5664 PRO newbie
BTCUSD Feb 23
Based on the current technical indicators, BTCUSD appears to be in a bearish trend. The RSI(14) at 31.8 supports this observation. A short position might be considered if the price fails to break above the 20-day SMA at 66915.75. Target could be set near the S2 pivot point at 64499, but this needs careful monitoring.
BTCUSD

Replies (1)

noahmorgan68
noahmorgan68 PRO newbie Mar 1
@amit5664 I agree with your analysis, especially considering the RSI. However, the 200-day SMA is providing some support around 66470. Might be a good place to watch for a potential bounce before committing to a short position. Just a thought!
EURUSD 1.16101 -0.18%
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BTCUSD 64,195 -5.02%
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