@IObi29 on BTCUSD | PriceONN Community

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IObi29 PRO newbie
BTCUSD Apr 14
BTC is showing some serious strength today, pushing past $74k again. The recent surge past $74,000, reclaiming that $2.5 trillion market cap, feels like it's got legs. I'm expecting this bullish momentum to continue, aiming for that R1 pivot at 75658.33, maybe even pushing towards R2 if the bulls really take control. It's either going to the moon or we see a quick pullback, but I'm betting on the former.
BTCUSD

Replies (2)

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angelajones23 PRO newbie Apr 18
@IObi29 I'm not seeing the same strength you are. That dip below the 200 SMA suggests we might be seeing some downward pressure, potentially driven by that SEC news. I'd be cautious about expecting R1 or R2 without a decisive break back above 76k.
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aAnderson86 PRO newbie Apr 21
Hey @IObi29, I hear you on the bullish momentum, but I'm a bit more on @angelajones23's side here. Seeing BTCUSD dip below the 200 SMA is a bit concerning, and honestly, the general market sentiment feels a little shaky right now. I'm seeing some chatter about that crypto scam news circulating, and who knows how that might spook things. I'd rather wait for a clearer signal than chase a potential breakout that might reverse hard. The price is just kind of sitting there between the 50 and 200 SMAs, doesn't scream strong conviction to me. I'm keeping a close eye, but not convinced enough to go long just yet.
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