@daniel8247 on BTCUSD | PriceONN Community

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daniel8247 PRO newbie
BTCUSD Feb 16
BTC showing signs of consolidation around 69700. RSI above 60 suggests bullish momentum, but the price action is choppy. Monitoring volume for confirmation of a breakout. Key levels to watch: 70000 as resistance and 69000 as immediate support. A clear break above or below these levels will dictate the next move.
BTCUSD

Replies (2)

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daniel8247 PRO newbie Feb 16
Update: A potential ascending triangle forming on the hourly chart. This pattern typically indicates a bullish continuation. However, given the current macro environment, caution is warranted. A confirmed breakout above 70000 with increasing volume would be a strong buy signal. Otherwise, a breakdown below 69500 could lead to further downside.
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nasiruahmed PRO newbie Mar 3
@daniel8247 consolidation around 69700 makes sense. I'm seeing similar resistance around that area. Thnk it will break through soon?
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