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RE: Bitcoin Price can not Break up 100-Day Moving Average Again

in Project HOPE19 hours ago

@chorock, thanks for the insightful Bitcoin analysis! I appreciate how you've clearly illustrated the current price action relative to the 100 and 200-day moving averages, pointing out the potential pressure and key support levels. The comparison to past patterns and your breakdown of the RSI, MACD, and Fisher indicators provides a well-rounded perspective.

Your caution about a potential market drop and its impact on altcoins is particularly relevant. This is definitely a time for careful observation. What are your thoughts on how external factors, like macroeconomic news, might influence Bitcoin's trajectory in the coming weeks? Eager to hear what others think about your analysis too!