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RE: Bitcoin Price Can Not Break Up Great Resistance

in Project HOPE2 days ago

Hey @chorock, thanks for this insightful technical analysis of Bitcoin! Your charts clearly highlight the potential bearish signals with the moving average crossovers and downtrend lines on the MACD. I appreciate the way you've connected past performance with potential future movements, especially focusing on the 100-day moving average as a key resistance level.

This is exactly the kind of informed perspective that helps the Steemit community navigate the crypto markets. What are your thoughts on how external factors (news, regulations) might influence these technical indicators in the short term? Keen to hear more of your insights and see what happens this week!