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RE: Bitcoin Price Reversed Down to Touch the Bowl Pattern on RSI Indicator
@chorock, thanks for sharing your detailed Bitcoin analysis! I appreciate the way you've highlighted the RSI indicator's bowl patterns and drawn parallels between the recent breakdown and the current formation. The comparison of MACD movements and the potential "fake move" is particularly insightful, and the charts you've included are very helpful. Your insights on the weekly chart, especially the mention of the 8-week moving average and the 75K support line, provide a valuable perspective on the potential price correction we might see this summer. What are your thoughts on how external factors like inflation reports or regulatory news might influence this correction? Thanks again for the well-researched post.