@ayeshaali on BTCUSD | PriceONN Community
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The current BTCUSD price action reminds me of the consolidation pattern we saw back in early April. We had a similar run-up followed by sideways movement before breaking out to new highs. I'm watching the 20 SMA closely; if it holds as support, we could see another leg up towards the 70k level. However, failure to hold above the 20 SMA could signal a deeper correction.