@calmstone on BTCUSD | PriceONN Community

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calmstone PRO newbie
BTCUSD Apr 10
This BTCUSD chart is confusing me right now. The price is above the 50 and 200 SMAs, which looks bullish, but the RSI is sitting right in the middle at 56. And the Bollinger bands seem to be squeezing a bit, usually that means a breakout is coming, but which way?
BTCUSD

Replies (1)

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calmstone PRO newbie Apr 10
Actually, I forgot to mention, the pivot point is also quite close to the current price around 73166. If we can break above that and hold, maybe then it's more clearly bullish. But until then, I'm still on the fence, not sure if it's a trap or a real move up.
EURUSD 1.16061 -0.21%
GBPUSD 1.34211 -0.31%
USDJPY 159.94450 +0.04%
XAUUSD 4,469.77 -0.40%
XAGUSD 73.49 -2.14%
BTCUSD 64,009 -5.30%
SP500 6,572.87 +0.74%
BRENT 99.55 +0.67%
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