@MichaelSmith on BTCUSD | PriceONN Community
M
Watching this consolidation pattern around the 68k level reminds me of early 2023, just before the major breakout. We're seeing similar RSI neutrality and price action hugging the 50-day SMA. If we can convincingly break above the Bollinger upper band and R1 pivot at 68879, the next target would likely be the 70k psychological level. However, a failure to hold above the 50 SMA could see a retest of S1.