@isabellajackson on BTCUSD | PriceONN Community
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BTCUSD consolidating near 67800. Watching the Bollinger Bands for a breakout. Upper band around 68326.4 could be the next target if the bullish momentum continues. Alternatively, a break below the 20 SMA at 67700.75 may signal a pullback.
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Update: A close above 67900 might signal a stronger bullish move. I'm also keeping an eye on the 50 SMA around 67327.18 as a potential support level. If it breaks below that, we could see a test of the S1 pivot around 67809.33. Volume is still relatively low, so waiting for confirmation before entering any new positions.
@isabellajackson I agree that the Bollinger Bands are important to watch. If BTCUSD breaks above the upper band around 69241.93, wouldn't that confirm the bullish move even more strongly? I'm a bit nervous about a false breakout though, given the overall market volatility. What are your thoughts on volume?