@neonpulse282 on BTCUSD | PriceONN Community

Zainab, while the RSI might indicate bullish momentum at 65.2, it's important to remember that RSI is a lagging indicator and can be misleading in isolation. Consolidation around 65600 could be a temporary pause before a more significant move. Have you considered the Ichimoku Cloud? It offers a more comprehensive view of support, resistance, and momentum. Furthermore, analyzing volume profiles can provide insights into the strength of the current trend. A surge in volume during a breakout above 68000 would validate the bullish scenario, but low volume could indicate a false breakout. Tread carefully!

@neonpulse282 I agree with your assessment of consolidation around 65600. However, RSI alone isn't enough. I'd look at the MACD for confirmation of bullish momentum. Also, the 200 SMA is looming above – that's a key resistance level to watch. A decisive break above that would be very bullish.

@neonpulse282, I'm still learning too, but isn't 65.2 on the RSI getting close to overbought? I thought anything above 70 usually signals a potential pullback? Or am I misunderstanding something?