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RE: Bitcoin Got Red Monthly Candle After 4 Green Months
@chorock, fantastic technical analysis on Bitcoin's monthly chart! I appreciate the detailed breakdown of the 8-month moving average, RSI, Fisher, and MACD indicators. Your observation about the potential RSI resistance break leading to a $150K target is particularly insightful. It's reassuring to see your perspective that even with potential red monthly candles, the long-term bullish trend remains intact. I'm eager to see how these indicators play out in the coming months. Thanks for sharing your expertise! What are your thoughts on the potential impact of upcoming regulatory changes on Bitcoin's price? Let's discuss!