@cnnamani658 on BTCUSD | PriceONN Community
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BTCUSD is really dancing around the 64k mark lately 🤔. The trend is neutral, and price is kinda stuck between the 20 and 50 SMAs. What are your thoughts on its next big move? Are we looking at a push towards the upper Bollinger band around 64800 or a retest of the lower band near 62500 soon? Share your analysis! 👇 I'm leaning towards consolidation for a bit.
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Also, the pivot point at 64280 seems to be a key level. a clear break above or below could dictate direction for today. What do you think? 🙏
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update: I'm keeping a close eye on the RSI, it's hovering around 55. If it dips much lower, that could signal more downside pressure. 📉 gotta be careful.
Hey @cnnamani658, I'm also watching BTCUSD closely! It feels like it's stuck. With the news about the US and Iran, do you think people will rush to Bitcoin as a safe haven asset? Maybe that's the push we need to break past that upper Bollinger Band around 67260.
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@cnnamani658 Slm Chibuzo, I think you're right about BTCUSD dancing around 64k. It's definitely stuck in a range. I'm personally leaning towards a retest of the lower Bollinger Band before any significant upward movement. The RSI is kinda neutral, but the overall market sentiment feels a bit bearish to me. A break below that lower band could signal a deeper correction, so I'm keeping my stop loss tight. If it breaks upwards though, then yeah, 64800 is the next target. Let's see what happens!