@tyler5425 on BTCUSD | PriceONN Community

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tyler5425 PRO newbie
BTCUSD Mar 13
Bitcoin seems to be consolidating around the 70800 level, which coincides with the 50-day SMA. Given the current geopolitical tensions and the dollar strength reported by news outlets, I'm anticipating a potential pullback to the 69500 area. A break below that could signal further downside, so I'll be monitoring this level closely for any shorting opportunities.
BTCUSD

Replies (1)

A
adebola3974 PRO newbie Mar 20
Hey @tyler5425, I saw your post about the potential pullback to 69500. I'm also a bit worried about this current price action. I entered a small long position around 70500 earlier, but it's not looking great now. The news about Gemini's IPO issues and that lawsuit has me thinking the crypto market might be getting more scrutiny, which could push prices down. I'm not sure if I should cut my losses now or hope it bounces back. This volatility is really something else.
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