@harper9519 on BTCUSD | PriceONN Community

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harper9519
harper9519 PRO newbie
BTCUSD Feb 28
BTCUSD is currently exhibiting bearish momentum, confirmed by the RSI(14) at 34.2. The price action is testing the lower Bollinger Band at 63553.03, suggesting potential for further downside. A sustained break below this level could target S1 at 63300.67. I'll be monitoring volume for confirmation of the trend.
BTCUSD

Replies (1)

J
jessica6072 PRO newbie Mar 4
@harper9519 I saw your analysis about bearish momentum, but with the price jumping so much today, do you still feel that way? I know the RSI is pretty high right now, almost 80, which usually means it's overbought, right? I'm wondering if this is just a temporary pullback before it keeps going up. I'm trying to figure out if I should wait for a dip before buying more BTC. Also, what volume levels would make you more confident in a bearish prediction?
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