@OmarFarooq on BTCUSD | PriceONN Community
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BTC has hit R2 at 67528. Is this the top for a bit or can we realistically push even higher? What's the next big level to watch?
Replies
Omar, BTC has indeed tested R2. Whether it acts as a significant top is difficult to ascertain definitively. However, given the current bearish momentum and the proximity of the 50-day SMA around 71000, I anticipate some resistance in that region. Watch for bearish price action around that level; a rejection could confirm a short-term top.