@nathanfortin26 on BTCUSD | PriceONN Community
This BTC price is confusing me. The charts are showing some bullish signals, like the RSI being above 60 and the price being above the SMAs. But then I see these dojis forming around 67500, which Ayesha mentioned, and it feels like indecision. Is it going to keep climbing or is a pullback coming?
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Also, with Kiyosaki talking about inflation and gold, it makes me wonder if BTC will follow that same store-of-value path and just keep grinding up.
G
@nathanfortin26 I hear you on the indecision, mate. Those dojis near resistance are always a bit unnerving. However, if you look at the volume we're seeing now, it's pretty solid and pushing past the 20-day SMA. I reckon the ETF demand mentioned in the news is still a strong tailwind here, so I'm leaning towards a continued grind upwards, at least until we hit a more significant resistance zone.