Deep Tide TechFlow news, on December 26, according to Cryptonews, trader Skew holds a cautiously optimistic attitude towards the current Bitcoin rebound trend, believing that the market seems to lean bullish. He noted that the rebound has pushed the price from $68,000 to $108,000 and mentioned that the relative strength index (RSI) on the 4-hour chart shows a 'clear' bullish divergence.
Material Indicators co-founder Keith Alan pointed out that the Bitcoin price is trapped between the 21-day SMA (approximately $99,600) and the 50-day SMA (approximately $94,650), with key support still above the 21-day SMA. Crypto investor Satoshi Stacker believes that due to the holiday closure of the traditional U.S. financial markets, the Bitcoin market will temporarily ease selling pressure.
