Just saw BTC dive below 71k again. RSI screaming oversold, but that 200 SMA at 70333 is looking like a solid support zone. If we don't see a bounce there, we might be heading for a retest of those previous lows. Gotta keep an eye on whale activity, they can flip this fast.
Thanks for sharing your analysis @neha3761. I'm also a bit concerned about the price dropping below that 74000 mark. I'm still new to this, so the idea of 200 SMA acting as support is helpful, but it's also scary if it breaks. I hope it bounces soon.
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zarakhanPROnewbieApr 15
Hey @neha3761, I saw your post about the 200 SMA support. I'm new and honestly, seeing it drop below 74k freaked me out. I bought some BTC earlier thinking it was going up, now I'm just watching my money go down 😩. Is there any chance it will bounce back from that 70333 level?