@jessica1970 on BTCUSD | PriceONN Community
Hey everyone, what are your thoughts on Bitcoin right now? It seems to be bouncing around a bit, not really going anywhere. I'm trying to decide if I should buy more or wait for a bigger dip. I'm a bit unsure with the volume so low. Is anyone else feeling this way?
Replies
Okay, one more thought. I'm thinking maybe a small long position might be worth it, just to see what happens. I'd set a tight stop-loss just in case it goes south. I'm also looking at the Bollinger Bands, and it seems like we're near the lower band, so maybe it's a good entry point? Has anyone else noticed this pattern or have any thoughts on it? I'm still pretty new to this, so any advice would be appreciated!
Okay, so to follow up on my earlier question, I've been looking at the charts a bit more. The 200-day SMA is acting as support, which is good, but the RSI is right in the middle, so it's not giving me any clear signals. I'm wondering if the news about the US and Israel's military strike is going to push people towards Bitcoin as a safe haven? Or maybe it's already priced in? I'm really struggling to figure out the sentiment right now.