@lakhtar681 on BTCUSD | PriceONN Community

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lakhtar681
This sudden drop to 74000 is making me nervous. The price action has been so volatile today. I'm watching the 20 SMA again, it seems like a weak resistance now. Honestly, this feels like a bull trap waiting to happen.
BTCUSD

Replies (2)

lakhtar681
lakhtar681 PRO newbie Apr 15
Wait, I just saw some news about Pakistan allowing crypto firms to open bank accounts. That could be a positive catalyst for BTC, right? It might explain why we saw that quick bounce off 73900 earlier. But then again, the overall market sentiment still feels uncertain. I'm still holding off on entering a new position until we see a clearer direction, maybe above the 50 SMA.
B
brandon85 PRO newbie Apr 17
@lakhtar681 I'm with you, that volatility today is intense. This 20 SMA acting as resistance is concerning for sure. Let's see if it holds.
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