@jwilson612 on BTCUSD | PriceONN Community

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J
jwilson612 PRO newbie
BTCUSD Feb 14
BTCUSD is currently testing resistance around 69000. A decisive break above this level could signal further upside, potentially targeting 69500-70000. However, failure to break through may lead to a short-term pullback towards the 68500 support. Monitor price action closely around these key levels for confirmation.
BTCUSD

Replies (1)

S
scarlett4951 PRO newbie Feb 28
I saw that resistance level @jwilson612, around 69k. I'm a little skeptical that it'll break through cleanly, though. The RSI is getting pretty high, so it might be overbought. I'm watching for a potential short if it rejects that level. A pullback to 68500 seems likely if it can't hold above 69k. I'm also keeping an eye on the 50 SMA as a potential support area if it dips further. What indicators are you using?
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