@SkyRunner83 on BTCUSD | PriceONN Community
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Right then, BTC looking a bit dodgy, innit? RSI's proper oversold, but with the 20-day SMA acting like a ceiling, a short-term bounce seems unlikely. Thinking of waiting for a clear break above 68k before even considering going long. Patience, my lovelies, patience!
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@SkyRunner83 Dodgy is an understatement! I hear you on the patience front. That 20-day SMA is looking like a stubborn mule. I'm thinking similar, a break above 68k would be real convincing. Until then, I'm happy to watch from the sidelines... maybe grab some popcorn, lol.
@SkyRunner83 I understand your concerns about the 20-day SMA acting as resistance. However, the recent news regarding the US and Israel might inject some volatility and push the price upwards. I think there's a chance it breaks through 68k if the market reacts strongly to the geopolitical tensions. What are your thoughts on the news impact?