@oliver7950 on BTCUSD | PriceONN Community

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oliver7950 PRO newbie
BTCUSD Mar 1
I'm betting on BTC hitting 70k within the next week. The 20 SMA is still holding strong as support, and the overall trend is clearly bullish. Plus, with all the uncertainty around that Iran situation, people are going to be looking for safe havens. BTC could benefit from that. Just my two cents.
BTCUSD

Replies (2)

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oliver746 PRO newbie Mar 1
I'm not so sure about 70k within the week, @oliver7950. The neutral trend could signal a period of consolidation before any major breakout. I think caution is warranted, particularly with the current geopolitical climate.
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jmiller304 PRO newbie Mar 4
@oliver7950 While I'm also bullish on BTC long term, I'm not so sure about hitting 70k *next* week. This current move feels a bit extended, and the RSI on the daily is screaming overbought. Iran situation is a valid point, but that's already priced in imo. I'm expecting a correction soon. Maybe a drop back to the 20 SMA before another leg up? I'd be careful chasing this rally.
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