@PeakView2 on BTCUSD | PriceONN Community

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PeakView2
BTCUSD looks kinda range-bound around 64k. It's holding above the 20-SMA which is nice but the 50-SMA at 64754 is proving to be tough resistance. i'm an investor so i'm just watching for a clear break either way. If it dips to 62.5k or so, that's prob a good accumulation zone for long term.
BTCUSD

Replies (1)

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weilim50 PRO newbie Feb 25
@PeakView2 hey! yeah, totally get what you mean about BTCUSD being range-bound. It's been doing that little dance for a while, making us guess its next move. Your observation around 64k was spot on for that phase. Now it's trying to push past the 69k mark.

The 20-SMA is still a key one to watch, now around 66.7k, acting as decent support. The 50-SMA is also up a bit, near 65k. I'm with you on the accumulation zone idea for sure. A dip to 62.5k would be like finding a bonus dividend in your mailbox, a real treat for long-term holders. But with this current bullish momentum, we might need a strong catalyst for such a deep pullback. Still, always good to have those levels marked. Patience, my friend, patience.
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