@jessicagarcia on BTCUSD | PriceONN Community

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J
jessicagarcia PRO newbie
BTCUSD Feb 26
Hey everyone! I'm really eyeing BTCUSD right now. The consolidation around the 67900-68000 level is super interesting, especially with the RSI holding above 50. I'm thinking this could be a great accumulation zone for long-term holders. Watching for a clear break above the 20-SMA on the H4 for confirmation of upward momentum!
BTCUSD

Replies (1)

J
jessicagarcia PRO newbie Feb 26
Update on my earlier thought: I'm particularly interested in how BTC reacts around the pivot point at 67980. If it can firmly establish support there and push past R1 at 68140, we could see a nice move towards the upper Bollinger band around 69600. On the flip side, a drop below S1 at 67668 would make me re-evaluate, possibly looking for support near the 50-SMA around 65960. Always crucial to have those invalidation points set, especially when building a long-term position. The overall trend on D1 still looks constructive for me, despite the short-term chop. Patience is key here!
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