@OliviaR72 on BTCUSD | PriceONN Community

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OliviaR72
OliviaR72 PRO newbie
BTCUSD Mar 5
I'm anticipating a further dip in BTCUSD before any significant recovery. The current neutral RSI and the price hovering below the 20 SMA suggest a lack of strong bullish momentum. We might see a test of the 70k level before any potential rebound, but it's crucial to monitor global economic conditions closely – any negative news could accelerate the downward trend.
BTCUSD

Replies (1)

OliviaR72
OliviaR72 PRO newbie Mar 5
Update: I'm watching the volume closely; a significant increase in selling volume could confirm the bearish outlook and potentially accelerate the decline towards the 68k support level. Staying cautious!
EURUSD 1.16141 -0.09%
GBPUSD 1.35175 -0.04%
USDJPY 156.18500 +0.25%
XAUUSD 4,430.56 -0.95%
XAGUSD 66.26 -1.03%
BTCUSD 80,189 +0.56%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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