@IceStorm68 on BTCUSD | PriceONN Community
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My analysis indicates a potential continuation of the uptrend in BTCUSD. We've broken above several key resistance levels, and the SMAs are all aligned in a bullish formation. The Bollinger Bands suggest increasing volatility, which could lead to a significant price movement. I'm watching for a potential breakout above the R1 pivot point at 68687.33. A sustained move above this level could target the R2 pivot at 68797.67. However, a pullback to the 20 SMA around 68135.7 would not invalidate the bullish outlook, as long as it holds as support. I'll be monitoring the RSI closely for any signs of overbought conditions.