@stephanie9943 on BTCUSD | PriceONN Community
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I think BTC is gonna go up more tonight. It's been holding around 68k and looks pretty strong. I'm feeling optimistic about hitting 70k by morning, fingers crossed it doesnt dump.
Replies
Hey @stephanie9943, I see your optimism and I appreciate the sentiment! From a technical standpoint though, the 20 and 50 SMAs are still above us and the price is currently below the daily pivot point at 67050. The RSI is also hovering around 44, which isn't exactly screaming bullishness right now. I'm leaning towards a more cautious approach, looking for a solid break above the 67000 level with good volume before I'd consider going long. We need to see the bulls reclaim some territory first, maybe even push through R1 at 67339. Until then, I'm not fully convinced about that 70k target by morning. Patience is key here! 🧐