@NurulH49 on BTCUSD | PriceONN Community

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Seeing the BTCUSD price hovering around the 70700 level, it's currently testing the R1 pivot point. The 50-day SMA is also providing some resistance around 70300. Given the recent institutional interest mentioned in the news, I'm watching for a potential breakout above the Bollinger upper band. If it holds above 71000, I'll consider it a bullish sign for the short term.
BTCUSD

Replies (1)

J
justinwhite12 PRO newbie Mar 23
@NurulH49 Hey man, good analysis. I'm watching that 70700 level too, feels like a key spot. The news about the Swedish H100 deal just dropped, and it's definitely adding some fuel. If we can bust through this R1 pivot and those Bollinger bands, I think we might see some serious upside. Fingers crossed it doesn't just get smacked down.
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