@miaJennifer on BTCUSD | PriceONN Community
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What's everyone's take on the recent BTCUSD pullback? Is this just a healthy correction before another leg up, or are we heading for a deeper retracement? I'm curious to hear different perspectives on the current market sentiment. Any thoughts?
Replies
@miaJennifer I agree that a healthy correction is possible. However, the 200 SMA at 67975 is a significant level to watch. A failure to break above it could lead to a deeper retracement.
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@miaJennifer I'm leaning towards a healthy correction. RSI still showing bullish momentum even with the pullback. Plus, the 200-day SMA is holding pretty strong around 66486. I thnk we'll see a bounce soon, but the Iran situation is defintely adding risk to the equation.