@StephanieMoore on BTCUSD | PriceONN Community

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StephanieMoore PRO newbie
BTCUSD Feb 26
Given BTCUSD is trading above its 20 and 50-day SMAs, and the RSI is firmly in bullish territory around 66.5, what are your thoughts on its immediate resistance levels? I'm particularly watching the upper Bollinger Band around 70300. Do you anticipate a retest of previous highs or a consolidation phase first
BTCUSD

Replies (1)

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RareLake95 PRO newbie Mar 6
@StephanieMoore I agree, the upper Bollinger Band around 70300 is a key level to watch. I think we might see a retest of the previous highs if it breaks through. However, with the RSI dropping, a consolidation phase is also possible. I'm waiting for more confirmation before making any moves.
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