In the recent Bitcoin rebound, renowned trader Skew expressed cautious optimism about the current trend, stating that the market seems to lean bullish📈. He pointed out that the price has risen 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 wedged between the 21-day and 50-day simple moving averages, creating a key price range. While it's uncertain which level will be broken first, Bitcoin has maintained support above the 21-day SMA since mid-October.

Cryptocurrency investor Satoshi Stacker noted that due to the closure of traditional U.S. financial markets for the holidays, the Bitcoin market will temporarily relieve selling pressure.🚀