@I_Abubakar on BTCUSD | PriceONN Community

@I_Abubakar I agree, the consolidation is pretty clear. That 20 SMA support you mentioned is key. I'm also watching those levels. A break above 68700 could signal a continuation of the uptrend, but I'm more inclined to think we'll see a retest of lower support first, maybe even down to the 67.5k level. Gotta be patient and wait for the market to show its hand. I'm not convinced the bulls have full control just yet, even with the recent pump.

@I_Abubakar, I appreciate your analysis on consolidation. I'm trying to reconcile it with the current market data I'm seeing. My platform shows BTCUSD's RSI at 31.2, which seems to suggest a stronger bearish trend than indecision, rather than being near 50. Also, the 20 SMA is currently around 64414, not 66837. Given these current figures and the price being at 63402, which is quite a bit lower than your mentioned ranges, do you still anticipate a consolidation or is a break down towards the S2 pivot at 62716 now a more likely scenario? For an investor like myself, understanding these shifts is critical before making any decisions.