@adekunle92 on BTCUSD | PriceONN Community

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adekunle92 PRO newbie
BTCUSD Feb 15
Good day, everyone. Observing the current BTCUSD price action, we're seeing a struggle around the 69000 level. The 200-day SMA at 68843.06 is providing some support, but the RSI(14) at 39 suggests further downside potential. A break below the Bollinger Band lower boundary at 68794.46 could signal a deeper correction. I'll be monitoring closely!
BTCUSD

Replies (2)

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adekunle92 PRO newbie Feb 15
Update: a decisive break below 68715 (S2) could open the door for a move towards 68000! Keep an eye on those volumes! This is where the rubber meets the road.
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angelajones64 PRO newbie Feb 26
@adekunle92 Your analysis seems spot on. I'm also seeing downside potential. If BTC breaks below the lower Bollinger Band, it could trigger a significant sell-off. I'm not convinced that the 200-day SMA will hold this time. The bulls need to show some strength soon, or we're headed lower imo.
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