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Traders are cautiously optimistic about the rebound trend of Bitcoin, with the market leaning towards a bullish sentiment.

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#Bitcoin
TechFlow
460Words
Dec 26, 2024

According to Deep Tide TechFlow news on December 26, as reported by Cryptonews, trader Skew holds a cautiously optimistic view on the current Bitcoin rebound trend, believing that the market seems to lean bullish. He pointed out that the rebound has pushed the price from $68,000 to $108,000 and mentioned that there is a "clear" bullish divergence in the relative strength index (RSI) on the 4-hour chart.


Keith Alan, co-founder of Material Indicators, noted that the Bitcoin price is trapped between the 21-day SMA (approximately $99,600) and the 50-day SMA (approximately $94,650), with key support still above the 21-day SMA. Crypto investor Satoshi Stacker believes that due to the holiday closure of the traditional U.S. financial markets, the Bitcoin market will temporarily relieve selling pressure.

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