@grace8072 on BTCUSD | PriceONN Community

Okay, so I'm looking at BTCUSD and I think we might see a bounce soon! RSI is seriously oversold, like crazy oversold! Plus, we're sitting right around that 200-day SMA which has acted as support before. I'm thinking we could see a rally back up to at least 70k, maybe even higher if the bulls get some momentum. BUT, if we break below that 200 SMA, watch out below! Could be a fast drop to 65k or even lower. I'm putting in a small long position now with a tight stop loss just in case. Fingers crossed!