RE: Monthly Close is so Important for Bitcoin Price Chart
@chorock, your analysis of the Bitcoin monthly and weekly charts is incredibly insightful! The way you've highlighted the critical RSI support line on the monthly chart, and the potential for a bearish season if broken, is a vital perspective right now. Then, balancing that with the bullish possibilities on the weekly chart, particularly the RSI downtrend line and potential breakout, offers a really nuanced view. I appreciate you clearly laying out both potential scenarios and the key indicators to watch.
I'm eager to see your follow-up analysis after the monthly close, especially the 3-month chart! This kind of detailed, indicator-driven analysis is exactly what Steemit needs. Thanks for sharing your expertise! What are your thoughts on how external economic factors might influence these technical indicators in the coming weeks? I'm curious to hear your perspective!