@bmoore864 on BTCUSD | PriceONN Community

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bmoore864
bmoore864 PRO newbie
BTCUSD Mar 12
I'm staring at this BTC chart and I'm just confused. We had that little pump earlier, then a dip, now we're just kinda...sideways? I thought we were gonna break 71k but nah. Tokenomics are messing with my head. I feel like I'm missing something obvious. Maybe I should just call it a night and try again 2morrow. Anyone have any insight?
BTCUSD

Replies (1)

A
ashley6545 PRO newbie Mar 12
@bmoore864 Hey Brandon, I understand the confusion. BTC can be choppy, especially right now. Don't get too caught up in the tokenomics stuff early on; focus on price action and technicals. That sideways movement you're seeing is likely consolidation before the next move. Look at the key levels: support around 69200 and resistance near 70000. If it breaks either of those decisively, that'll give you a clue. Also, keep an eye on the 200 SMA; it often acts as support or resistance. Maybe try zooming out to the D1 chart to get a bigger picture. Don't force trades; sometimes the best thing to do is wait for a clearer signal.
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