@lucy4264 on BTCUSD | PriceONN Community
Interesting to see BTCUSD pushing higher today, breaking past R1 at 69561. Given the current RSI reading around 68.5, it feels like there's still room to run, but we're approaching overbought territory on the 14-period. What are others seeing on their charts for potential upside targets or resistance zones this session?
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Also, the fact that the price has held above the S2 pivot at 69142 is quite strong. That's acting as immediate support now.
Looking back at the previous consolidation below $70,000, the current move feels like a genuine breakout rather than just noise. The 50-day SMA is also rising steadily and is now below the current price, which is a good sign. I'm watching the Bollinger Bands as well; the price is testing the upper band at 70373.95. A sustained hold above that could signal further upside towards the next pivot resistance, but a rejection there could see a quick pullback to test the 20-SMA around 68867. The geopolitical situation mentioned by @nycLinda10 is certainly a factor, but technically, the momentum seems to favor longs right now, especially if we can clear that 70k psychological level convincingly.