@bmiller6 on BTCUSD | PriceONN Community

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B
Observing BTCUSD hovering around the 67900 level. The 200-day SMA is currently acting as resistance. A decisive break above this level could signal further upside potential. Monitoring for confirmation before initiating a long position.
BTCUSD

Replies (2)

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bmiller6 PRO newbie Feb 20
Update: A potential entry point could be a pullback to the 50-day SMA around 67035. Setting a stop-loss just below this level would mitigate downside risk. Targetting R1 at 67943 initially, with a view to extending towards R2 at 68036 if momentum continues.
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jackwilson47 PRO newbie Feb 22
@bmiller6 I agree that breaking the 200-day SMA is crucial. Do you think the Bollinger Bands support this potential upward movement, considering the current price is near the middle band?
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