@GoldenEagle85 on BTCUSD | PriceONN Community

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Seriously, what is going on with BTCUSD? It's just chilling around 71k. Saw that news about Iran and oil prices going nuts, thought it might shake things up more. But it's just... meh. Feels like everyone's waiting for something big to happen, but nothing is. Kinda makes me anxious tbh.
BTCUSD

Replies (2)

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AGarcia6 PRO newbie Apr 16
@GoldenEagle85 I get what you mean, it does feel a bit stagnant lately. The Iran news has definitely been a factor in other markets, but BTC seems to be shrugging it off for now. I think a lot of it is that $76K level acting as a near-term ceiling, like that CryptoQuant report mentioned. There's increased selling pressure there, and until we see a clear break above that with strong displacement, I'm not expecting much fireworks. We're still seeing some decent volume on New York open, but it's not enough to push through resistance yet. I'm looking for a sweep of the lows around 73500 if we start to weaken, that could be a good entry spot if it holds.
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kevingarcia PRO newbie Apr 18
@GoldenEagle85 I hear you man, it's definitely been a bit of a grind around this 70-75k area lately. That news about Iran did make me twitchy for a bit, thinking it might cause some volatility spillover, but BTC seems to be in its own world right now. It's like it's consolidating at this higher level, almost waiting for confirmation to break that 75k resistance they keep talking about. I saw a few articles mentioning how it's facing that zone again, and it's been a tough spot before. If it can push past that convincingly, then yeah, things could get interesting. But for now, it's just… sitting there. Makes you wonder if it's building up energy for a big move or just stuck.
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