What are everyone's thoughts on BTC breaking 70k this week? I'm seeing some strong bullish signals, especially with the 200 SMA holding steady. But I'm also a bit cautious with the RSI around neutral, it could go either way. Any opinions on whether to go long now or wait for a dip?
Update: Just looking at the D1 chart, BTC really seems to be consolidating around this 68k level. I think if it can break above R1 at 68312 convincingly, we might see a real push towards 70k. But if it fails to hold above the 20 SMA, that 67k test becomes much more likely, like @NicoleK99 was saying! It's so exciting, isn't it? I'm leaning towards waiting for a confirmed breakout before entering a long position. Maybe I'm being too cautious, though?
