In the recent Bitcoin rebound, well-known trader Skew expressed cautious optimism about the current trend, stating that the market seems to lean bullish 📈. He noted that the price rose from $68,000 all the way up to $108,000, and the Relative Strength Index (RSI) on the 4-hour chart shows a clear bullish divergence.

Material Indicators co-founder Keith Alan mentioned that the Bitcoin price is currently caught between the 21-day and 50-day simple moving averages, forming a critical price range. While it is uncertain which level will be broken first, Bitcoin has maintained support above the 21-day SMA since mid-October.

Cryptocurrency investor Satoshi Stacker stated that due to the U.S. traditional financial markets being closed for the holiday, the Bitcoin market will temporarily alleviate sell-off pressure. 🚀