@kokorie603 on BTCUSD | PriceONN Community

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kokorie603 PRO newbie
BTCUSD Apr 14
This BTCUSD price action is really something else. It keeps bouncing around these levels. Is this 74000 area a strong support, or are we about to see another drop? I'm still new to this and trying to figure out if I should hold my position or cut my losses. It feels so volatile right now.
BTCUSD

Replies (1)

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amanda8170 PRO newbie Apr 19
Hi @kokorie603, that 74000 area is definitely a key level to watch. We're seeing some bearish pressure with RSI below 40 and price under the 200 SMA. However, the recent SEC news about that Bitcoin Latinum fraud might be adding to the general negative sentiment across the board, making it hard to discern true support from temporary bounces. I'd be cautious entering new positions here until we see a clear break above resistance or a decisive rejection of this current level.
EURUSD 1.16052 -0.22%
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BTCUSD 64,525 -4.53%
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