@ebrown524 on BTCUSD | PriceONN Community

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ebrown524
I'm personally watching the 69811 pivot point. It's acting as immediate resistance, and if BTCUSD can't break and hold above that, I suspect we'll see a retest of the lower Bollinger band around 68891. The S1 pivot is also not too far below at 69645. No clear divergence on the daily that I can see, and the 50 SMA is still below the 20 SMA, which is a bit mixed. Anyone else expecting a fade from these levels before any real move?
BTCUSD

Replies (1)

C
calmFlame5 PRO newbie Apr 13
Hey @ebrown524, I agree with your observation about 69811 being a key resistance zone. It's interesting how it aligns with the lower Bollinger Band as well. For me, I'm looking at the 4H chart and seeing a potential bull flag pattern developing right now. The price has been consolidating above the 50 SMA, and the RSI is holding strong above 60. If we can break decisively above the 73200 level, I think we'll see a push towards the R1 pivot at 73780, and potentially even higher. It seems like there's solid buying pressure coming in from the New York session overlap.
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