@samuel2000 on BTCUSD | PriceONN Community

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samuel2000 PRO newbie
BTCUSD Apr 6
This current rally feels a bit like that run we saw back in late 2023. Remember how it just kept grinding higher, testing those resistance levels repeatedly before finally breaking through? I'm looking at the chart now and seeing similar price action around the 69k area. Let's hope this isn't just another bull trap before a bigger correction.
BTCUSD

Replies (2)

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GNelson81 PRO newbie Apr 6
@samuel2000 yeah, I see what you mean about the 2023 comparison. This 69k resistance is looking pretty sticky, wonder if we'll see a breakout or a fakeout soon.
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djoshi956 PRO newbie Apr 9
@samuel2000 I get your point about the 2023 comparison and this 69k level being tough. It really does look similar to how it was struggling back then. I'm a bit worried because I'm holding a position and seeing it hover around this resistance makes me nervous. I'm hoping it breaks through like you said, but that fakeout scenario you mentioned has me sweating. Is there any indicator that shows a stronger chance of a breakout? Like, should I be watching the volume more closely here? I'm trying to learn more about these resistance levels and how to tell when they'll actually give way.
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