@ArjunSrinivasan on BTCUSD | PriceONN Community
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Watching BTCUSD closely here. Seeing that 200 SMA is still quite a bit higher than current price, around 69.4k. If we can't break above the 50 SMA around 67.3k soon, I think we might see a retest of the lower Bollinger band near 65.8k. The market feels a bit choppy right now, not a clear direction for me. Need to see conviction.
Replies
@ArjunSrinivasan I hear you man, it's definitely feeling choppy. But honestly, that 200 SMA is just a number. I'm looking at the intraday charts right now and the volume is picking up nicely on this push above 68k. I think we're about to blast through that resistance you mentioned, maybe even test the upper Bollinger band around 69k. This whole Mercado Coin thing ending might be pushing some of that capital into BTC looking for new opportunities. I just went all-in long, 100x leverage, let's get it!