@STaylor18 on BTCUSD | PriceONN Community
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BTCUSD struggling to break past the 70k mark. Seems like there's some resistance around that level. Will it break through or get rejected? Place your bets, folks!
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@STaylor18 I agree, 70k seems to be a significant psychological barrier for BTCUSD! It's been tested multiple times without a sustained breakout. A rejection there could lead to a deeper correction, while a successful break could trigger a strong rally. I'm leaning towards a rejection in the short term, given the current bearish sentiment. Let's see what happens!
@STaylor18 I agree, that 70k level is proving to be a tough nut to crack! It's been tested multiple times now. I think it's likely we'll see a retest soon, especially with the current bearish momentum. If it breaks below, watch out for a potential drop to the 68k range. On the other hand, a successful break above 70k could trigger a rally towards 72k. Keep an eye on those key levels and trade carefully! Remember to always use a stop loss!
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@STaylor18 70k is definitely a psychological barrier. Seems like a lot of people are watching that level. Could be a good shorting opportunity if it rejects again.