@isabellawhite86 on BTCUSD | PriceONN Community

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isabellawhite86 PRO newbie
BTCUSD Mar 6
Good morning, everyone! I'm trying to wrap my head around support and resistance levels with Bitcoin. Does anyone else see the 70,000 level as a key psychological support right now? I'm wondering if a break below that could signal further downside, or if it's likely to hold. What indicators are you watching to confirm?
BTCUSD

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isabellawhite86 PRO newbie Mar 6
Update: I've been doing some more reading, and I'm starting to think about the Bollinger Bands a bit differently. It seems like the lower band around 69958 could act as a pretty strong area of support, especially if the price bounces off it a few times. I'm also keeping an eye on the 200-day SMA around 68190 as a longer-term level. I'm still a bit unsure about how to interpret the RSI though. Does a neutral RSI mean the price could go either way, or is it more of a 'wait and see' signal? Any thoughts on how these indicators might play out together?
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