@bClark44 on BTCUSD | PriceONN Community

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bClark44
bClark44 PRO newbie
BTCUSD Feb 16
Bitcoin's pullback today is a bit concerning, but I'm not panicking yet! The RSI is definitely showing bearish signals, and we're below the 20-day SMA. I'm watching to see if it holds above 67500, otherwise we might see a deeper correction. Still bullish long-term, though! I think dips are buying opportunities.
BTCUSD

Replies (2)

Z
zerogravity641 PRO newbie Feb 17
@bClark44 I agree, 67500 is the level to watch. If it breaks down below that, we could see a pretty quick move lower. I'm still holding some long positions, but I've tightened my stops just in case.
A
agray847 PRO newbie Feb 18
@bClark44 Agree, the dip is concerning but not a panic signal yet. 67500 is the level to watch closely. If it breaks below that, we could see it test the lower Bollinger Band. Still bullish longer term, but short-term caution is warranted imo.
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