@miguelbautista97 on BTCUSD | PriceONN Community

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M
miguelbautista97 PRO newbie
BTCUSD Mar 3
Woah, big dip on BTCUSD just now! What caused that? Seeing a lot of red suddenly. Hope it's just a temporary pullback and not a full-blown correction... fingers crossed. Market's been so bullish lately, a correction was probably due tbh.
BTCUSD

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M
miguelbautista97 PRO newbie Mar 3
Update: Okay, looking at the charts more closely now. Seems like it bounced right off the 20 SMA around 67950. RSI is still above 50, so not oversold yet. Could be a decent buying opportunity if you're looking to add to your position. I'm thinking of waiting for confirmation before jumping back in, maybe see if it can hold above 68k again. A retest of that level would give me more confidence. Volume seems to be picking up on the dip too, which is something to consider. Still watching closely though, gotta be careful.
EURUSD 1.16374 +0.06%
GBPUSD 1.34512 -0.09%
USDJPY 159.88150 +0.00%
XAUUSD 4,509.67 +0.49%
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BTCUSD 63,795 -5.61%
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