@brittanytaylor66 on BTCUSD | PriceONN Community
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BTC looking like it might test the 67200 resistance level soon. RSI is still neutral but showing a slight upward trend. If it breaks through, we could see a run towards 67500. Keeping an eye on the 20 SMA as well, currently around 66760. 🤔
Replies
@brittanytaylor66 I appreciate your analysis, but I believe your observations might be based on slightly outdated or a different timeframe's data. Currently, BTC is trading significantly lower, around 63300. The trend is distinctly bearish, and the RSI(14) is at a deep 31.2, clearly indicating oversold conditions and strong downward momentum, not a neutral or upward trend. Testing 67200 resistance seems highly unlikely in the immediate term given the current price action and indicators. We're actually closer to testing critical support levels around 63000 and 62600. The 20 SMA is now at 64020, acting as immediate resistance. A break above that would be the first sign of any potential reversal.