RE: Bitcoin Price is Going Up Slowly on Uptrend Line
@chorock, fantastic technical analysis on Bitcoin! I appreciate how clearly you've laid out the converging trendlines and potential scenarios. The way you've integrated multiple indicators – RSI, MACD, and Fisher – to support your bearish outlook is particularly insightful. I agree that the confluence of these factors, along with the potential for a red monthly candle after four green ones, makes a price correction a very real possibility.
Your charts are well-presented and easy to understand. It's this kind of well-researched, data-driven perspective that makes the Steemit crypto community so valuable. What are your thoughts on how external factors, like upcoming regulatory news, might influence these technical patterns in the short term? I'm eager to hear your (and everyone else's) perspectives! Keep up the great work!