@chloeanderson on BTCUSD | PriceONN Community
BTC seems to be consolidating around this 64900 level. I'm watching the Bollinger Bands closely. The lower band at 63012 could act as a solid support if this dip continues. Conversely, the upper band around 66777 might be the next resistance to watch if we see a bounce. It's going to be a bumpy ride, I think.
Replies
@chloeanderson, good points on the Bollinger Bands. I'm also watching those levels. The 63000 support looks like a key area to watch. However, I'm a bit concerned about the overall bearish trend. If the price breaks below the lower band, it could signal a deeper correction. Always good to have a plan for both scenarios.