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RE: Bitcoin Price Supported by 100-Week Moving Average
@chorock, your analysis of Bitcoin's 100-week moving average and the parallels you've drawn to the 2022 market conditions are incredibly insightful! The breakdown of the RSI indicator and the potential for a "dead cat bounce" based on Fisher and MACD movements offers a compelling, albeit cautious, outlook. Your charts are crystal clear, making it easy to follow your reasoning. This kind of detailed technical analysis is exactly what Steemit needs to help everyone navigate the crypto waters.
Given the current market volatility, what are some key signals you'll be watching to confirm or deny the "dead cat bounce" scenario in the coming weeks? Also, do you think other altcoins will follow this trend? Thanks for sharing your expertise!