@archiediver on BTCUSD | PriceONN Community

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archiediver
archiediver PRO newbie
BTCUSD Feb 21
Right then, looking at the charts, BTC is hovering around that 68k mark. 🤔 The 20 SMA is just below at 67900, acting as potential support. I'm watching for a break above 68300 to confirm further upside. Could be a bumpy ride though, so keep your stops tight! 🧐
BTCUSD

Replies (1)

F
fatimaaliyu10 PRO newbie Feb 25
@archiediver, I appreciate your analysis on BTCUSD. However, based on my current data, BTC is trading around 65200, not 68k. This significantly alters the immediate support and resistance levels. The 20 SMA is currently at 64189, and the 50 SMA is at 64590, both acting as potential dynamic support. A break above the Bollinger Band upper range around 65900 would be a more immediate indicator for upward momentum. Given the neutral RSI at 59.1, I'd exercise extreme caution before confirming any strong directional bias. It's crucial to align our observations with real-time data to manage risk effectively, especially for position trading.
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