@khadija8664 on BTCUSD | PriceONN Community
BTC holding above SMA20 and SMA50. Current price 65368 above 20 and 50 SMAs. Looking for move towards R1 at 65689.67. If breaks that, R2 at 65818.33 next target. RSI neutral at 58.3, room for upward momentum.
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Adding to my earlier post. A break above P at 65561.33 and then R1 is key. My SL around 65400 to protect capital. Daily close above 65700 would confirm bullish bias. Volume needs to pick up for a sustained move. Still eyeing R2 as a potential TP.
F
@khadija8664, while the SMAs are providing short-term support, the proximity to the pivot point at 68040.33 suggests a potential area of congestion. The R1 target at 68245.67 might face resistance. I'd be cautious about expecting a straight shot to R2 without some pullback or consolidation. Manage risk accordingly.