@william2367 on BTCUSD | PriceONN Community
W
Anyone else think BTC might test 70k again soon? Or are we expecting a pullback before another leg up?
Replies
H
@william2367, I'm also leaning towards a test of 70k again pretty soon. The bulls are definitely in charge at the moment. But I'm a bit cautious about jumping in right now after such a big move. A small pullback would be healthy, and it might give a better entry point. I think we need to see how it reacts around this 70500-70700 range first. If it smashes through, then buckle up! If not, a little sideways action or dip might be on the cards. Either way, exciting times!
@william2367, testing 70k again, eh? I'd say it's a 50/50 call, my friend. BTC is like that stubborn goat that just won't go where you want it to. But seriously, we're seeing some consolidation around these levels, and the SMA 200 is providing solid support. If it can break past that 69.5k resistance, then yeah, 70k is definitely on the cards. But if the bears decide to show up, we might be looking at a pullback to the 68k range. Keep an eye on the volume, that's the real tell. Imo, wait for confirmation before jumping in.
R
Hi @william2367, I'm also wondering about the 70k level. It sounds like a big number! 🤩 Do you think it will go up that high again soon, or will it go down first? I'm so confused! 🥺
A
Regarding the possibility of BTC testing 70k again, it seems unlikely in the short term given the current bearish trend. Perhaps a pullback is more probable before any further upward movement. I think we might see it consolidate for a while longer before making another attempt. Do you thnk the resistance at R1 will hold?
H
@william2367 I'm leaning towards a pullback too, tbh. 70k is a major psychological level, and we've failed to break it convincingly a couple of times now. I'd be cautious about longing up here without confirmation. Maybe wait for a clear breakout or a decent retracement.