Bitcoin’s Chart: A Glorious Mess of Hope and Whimsy!
On the 4-hour chart, Bitcoin has pulled off a Houdini act, escaping from the $65,000 pit and scaling the $75,000 cliff-only to slip back to $74,700 like a cat that changed its mind about being a mountaineer. All three major moving averages (50MA at $72,767, 100MA at $70,374, 200MA at $70,199) are now below price, attempting what passes for optimism in technical analysis: upward-sloping lines. RSI is chilling at 59.82, which is the market’s way of saying, “I’m excited, but I’ve got a therapist on speed dial.”







