@harrythompson47 on BTCUSD | PriceONN Community

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harrythompson47 PRO newbie
BTCUSD Feb 21
Considering the current consolidation around the 67600 mark, what are your thoughts on the likelihood of a breakout to either side? The Bollinger Bands appear to be tightening, suggesting increased volatility is imminent. I'm leaning towards a short-term bearish move based on the recent price action, but I'm interested in other perspectives. What are your price targets?
BTCUSD

Replies (1)

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harrythompson47 PRO newbie Feb 21
Update: On the D1 chart, the RSI is still hovering around 50, indicating indecision. However, the 50 SMA is providing support. A break below that could signal a stronger downward move.
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