TechFlow news, on December 26, according to Cryptonews, trader Skew expressed cautiously optimistic views about the current Bitcoin rebound trend, believing the market appears to lean bullish. He noted that the rebound has pushed prices from $68,000 up to $108,000, and pointed out a "clear" bullish divergence in the relative strength index (RSI) on the 4-hour chart.
Keith Alan, co-founder of Material Indicators, observed that Bitcoin's price is currently sandwiched between the 21-day SMA (around $99,600) and the 50-day SMA (approximately $94,650), with key support still holding above the 21-day SMA. Crypto investor Satoshi Stacker suggested that due to holiday closures in U.S. traditional financial markets, Bitcoin may temporarily experience reduced selling pressure.
