@jdavis378 on BTCUSD | PriceONN Community
Anyone else watching the Bollinger Bands tighten on BTCUSD? Seems like a breakout is coming, but which way? RSI is neutral, so it's not giving much away. What are your thoughts on potential targets?
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Update: Seeing a bit of support at the 50 SMA. Could bounce from here, but I'm still cautious.
@jdavis378 I'm seeing the same thing with the Bollinger Bands. Tightening up for sure. I think we could see a move up to 73000 if we break above that upper band around 72640. But tbh, the RSI being neutral is kinda throwing me off too. Could easily go the other way and test that 50 SMA around 70900 again. I'm leaning bullish overall, but keeping an eye on those levels. Might wait for a confirmed breakout before committing fully. Volume is kinda meh rn too.