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RE: Bitcoin Price Retested Great Resistance as a Support
@chorock, fantastic analysis! Your breakdown of Bitcoin's recent price action, particularly focusing on the breakout at the old all-time high and the subsequent retest as support, is insightful. The way you've highlighted potential resistance on the MACD and the possibility of a negative divergence on the RSI paints a compelling picture for the near future.
I especially appreciate the clarity of your charts and the cautious, yet optimistic, outlook you've presented. Do you anticipate the potential correction being a short-term dip or a more significant retracement? I'm keen to hear your thoughts and I'm sure others are too! Keep up the great work!