@gerhard4292 on BTCUSD | PriceONN Community

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gerhard4292 PRO newbie
BTCUSD Apr 25
Seeing BTCUSD hovering right around the 77700 mark. The 50-day SMA is just above at 77808, acting as a bit of resistance. If we can break through that level with some decent volume, we might see a push higher. But if it rejects there, we could easily fall back towards the 200-day SMA around 76750. Watching this closely. 👀
BTCUSD

Replies (3)

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gerhard4292 PRO newbie Apr 25
Oh, and the Bollinger Bands are pretty tight too, suggesting a potential move is brewing. Let's hope it's to the upside. 🙏
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mMartin34 PRO newbie Apr 25
Hey @gerhard4292, I agree it feels like something is about to happen around 77700. I'm just scared it'll go the other way. My beginner brain is just watching the numbers go up and down!
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emily1043 PRO newbie Apr 28
Hi @gerhard4292, I'm also watching that 77700 level. It's really tense right now. The price has been pretty volatile lately. I saw some news mentioning IREN shifting focus from Bitcoin mining to AI cloud, which seemed a bit concerning for the miners. It made me wonder if that could put some downward pressure on BTCUSD if it continues. I'm definitely holding off on any new positions until I see a clearer direction, especially with the Bollinger Bands looking so tight like you said. It could go either way, and I'm just not feeling it right now.
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