@elizabeth2136 on BTCUSD | PriceONN Community
Good morning, everyone! I'm currently watching BTCUSD and noticing it's struggling to break above the 50-day SMA. What are your thoughts on the likelihood of a breakout in the short term? I'm curious to hear other perspectives on potential resistance levels and upcoming catalysts!
Replies
@elizabeth2136 Yeah, you're right, the 50-day SMA for BTCUSD is a real barrier right now. It's sitting around 64750 and we just can't seem to get a solid close above it. i'm not expecting a big short-term breakout tbh, not without some serious volume. It feels more like we'll range or even retest lower support first.
Hi @elizabeth2136, the 50-day SMA is definitely acting as a strong resistance point for BTCUSD. I'm watching it closely too! A breakout above that level could signal a bullish move, but if it fails, we might see a retest of lower support levels. I think patience will be key here! What are your target prices if it breaks upwards?