CoinVoice has recently learned that, according to Cryptonews, trader Skew holds a cautiously optimistic view on the current Bitcoin rebound trend, believing that the market seems to lean bullish. He pointed out that the rebound has pushed the price from $68,000 to $108,000 and noted a 'significant' bullish divergence in the relative strength index (RSI) on the 4-hour chart.
Material Indicators co-founder Keith Alan pointed out that the Bitcoin price is caught 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 market closure in the U.S. traditional financial markets, the Bitcoin market will temporarily ease selling pressure. [Original link]
