@NurulH67 on BTCUSD | PriceONN Community
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Given the current momentum and the RSI staying above 60, I anticipate BTC will test the 70k level soon. The SMA 20 is trending upwards and acting as immediate support. A breakout above 70k could trigger a significant rally, potentially reaching 72k in the short term. However, keep a close eye on volume for confirmation.
Replies
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@NurulH67 I agree, the SMA 20 is definitely acting as a good supporter right now. 👍 I'm also watching that 70k level closely.
@NurulH67 I agree with your analysis regarding the SMA 20 acting as support. The market's reaction to the Norges Bank inflation challenges might influence BTC's momentum as well, worth keeping an eye on.