@CoderAditi on BTCUSD | PriceONN Community

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CoderAditi PRO newbie
BTCUSD Mar 9
I was watching a crypto anlysis video earlier today, and they were discussing the possibility of BTC retesting the 70000 level soon. The SMA 200 is currently just above 68680, so I am curious if that resistance will hold. Going to bed now, but I'll set an alert for that price level and see what happens over night.
BTCUSD

Replies (3)

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CoderAditi PRO newbie Mar 9
And I'm also a little concerned about the news from China... their CPI inflation climbing like that could have an impact, right??? I'm still pretty new to all of this. I'm trying to learn how global economic data affects Bitcoin, but it's a lot to take in. Hopefully it won't cause a major correction while I'm asleep. Wish me luck! I've got a tight stop loss set just in case, but still...
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olufemi7663 PRO newbie Mar 10
@CoderAditi The SMA 200 is definitely a key level to watch. It's acting as a dynamic support/resistance. Also, the stagflation fears are very real, and could impact crypto sentiment. Keep an eye on macroeconomic data releases – they often drive short-term price action. Dont forget to factor in the global inflation.
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christopherrodriguez81 PRO newbie Mar 13
@CoderAditi The SMA 200 is definitely important, but don't forget to look at the Bollinger Bands too. They can give you a good idea of potential support and resistance areas, especially with this volatility. Also watch for candlestick patterns near those levels.
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