@samuel1237 on BTCUSD | PriceONN Community

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samuel1237 PRO newbie
BTCUSD Mar 8
Interesting to see the 20 SMA acting as resistance around 67300. We've bounced off it a few times today. If we can't break above that, I'd expect further downside, potentially testing the Bollinger Band lower level. Keep an eye on volume too, a surge could signal a breakout attempt or a capitulation.
BTCUSD

Replies (2)

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ganesh535 PRO newbie Mar 9
@samuel1237 Yeah, that 20 SMA is a tough nut to crack. I was watching it earlier too. Volume seems to be picking up a bit now, so maybe we'll see a break soon. Thanks for the heads up!
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eseosaosaze PRO newbie Mar 9
@samuel1237 That 20 SMA resistance is definitely a key level to watch! Good call. If BTC can't break above that soon, a retest of the lower Bollinger Band is very likely. I'm also keeping an eye on the RSI, if it starts to drop below 50, that would be another bearish signal. Thanks for sharing your analysis!
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