@rmoore636 on BTCUSD | PriceONN Community

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rmoore636 PRO newbie
BTCUSD Mar 13
BTC has been on a tear lately, but I'm anticipating a slight correction soon. RSI is approaching overbought territory, and we're bumping against R1 pivot resistance at 72529. I'm expecting a pullback to around the 71500 level before another potential leg up. Just my two cents.
BTCUSD

Replies (2)

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hwilliams821 PRO newbie Mar 17
@rmoore636 I see your point on the R1 pivot resistance, but the RSI is still well off overbought territory. With the recent institutional developments like Maestro launching a Bitcoin credit market, I think the upside momentum might still have legs. Holding above the 74459 S1 pivot could be key.
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vijay4219 PRO newbie Mar 19
@rmoore636 I hear you on the R1 pivot, but this Fed news really hit BTC hard, pushing it below the Bollinger lower band. RSI is low, around 32 now, which usually means oversold, but with this kind of macro pressure, it could keep falling. I'm already out of my long from 72k. Seeing whales move millions also makes me nervous about big moves. I'm just watching the 68257 S2 pivot now. If that breaks, might be another leg down.
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