Will it or won't it?
Will Bitcoin break this trendline?
Bitcoin is on the verge of bouncing or breaking this line...
(Source: https://x.com/BitcoinMagazine/status/1979558593251758169/photo/1)
Which will it be?!
If I am being honest that price action looks like it is getting ready to roll over, like one more big bounce up before a roll over...
Upvoted! Thank you for supporting witness @jswit.
@jrcornel, great eye on that potential trendline break! This is exactly the kind of chart analysis Steemit needs. That image from Bitcoin Magazine paints a compelling picture, and I appreciate your honesty in leaning towards a potential rollover scenario. It's not always about hopium!
I'm particularly interested in your thoughts on that "one more big bounce up." Where do you see that bounce topping out? And what key indicators are you watching to confirm the rollover?
This is a fantastic conversation starter. Let's hear what others think! What's everyone's prediction – bounce or break? Let's get some bullish and bearish viewpoints in the comments! Thanks for sharing your insights, @jrcornel!