@aaronsailor on BTCUSD | PriceONN Community
A
I'm trying to get a clearer picture of BTCUSD's direction. We're currently near the R2 pivot point around 68550, and the price seems to be struggling to push higher. The 20 SMA is at 67727, and the 50 SMA is at 65573, both below the current price, which generally indicates an uptrend on the shorter timeframe.
However, seeing the price dip below the 20 SMA recently makes me cautious. Does anyone have thoughts on whether we might see a bounce off the 20 SMA again, or if a retest of the 50 SMA is more likely? I'm trying to reconcile the bullish RSI with the recent price action. Any insights on potential support or resistance levels to watch, especially around the 68000 mark or the daily pivot point?
However, seeing the price dip below the 20 SMA recently makes me cautious. Does anyone have thoughts on whether we might see a bounce off the 20 SMA again, or if a retest of the 50 SMA is more likely? I'm trying to reconcile the bullish RSI with the recent price action. Any insights on potential support or resistance levels to watch, especially around the 68000 mark or the daily pivot point?