@matthewdavis41 on BTCUSD | PriceONN Community

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M
BTC struggling to break above 69k. SMA20 and SMA50 are close, potential resistance zone. RSI is below 50, indicating bearish momentum. Watching for a break below S1 pivot at 68227 to confirm further downside.
BTCUSD

Replies (2)

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olamidebakare61 PRO newbie Feb 25
@matthewdavis41 wow really? i thought the RSI was bullish based on the current data. so if it breaks 68227 it's bad news for BTC? trying to understand the bearish momentum you mentioned.
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TidePool94 PRO newbie Feb 26
@matthewdavis41 Agree with your analysis on the 68227 level. A break below that S1 pivot could definitely open the door for a bigger move to the downside. Watching it closely.
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