🚀Bitcoin enthusiasts, buckle up! BTC is showing signs of recovery after a few months of correction. The big question now is whether we're heading for a new all-time high or if it's just a fake breakout.💥

📊According to TradingRage's daily chart analysis, Bitcoin has broken above the midline of a descending channel pattern, rebounding from the $60K level. The next hurdle? The $68K resistance level. If BTC breaks this, we could be looking at a new all-time high and the start of a fresh Bitcoin rally.📈

🔍The 4-hour chart reveals that the $60K support level has held strong, preventing a deeper correction. The market is inching closer to the $68K resistance level, and with the Relative Strength Index showing values above 50%, a breakout above this level seems likely in the short term.🔥

📉TradingRage's on-chain analysis shows Bitcoin's open interest recovering with the price, after a significant dip during the correction. If the OI doesn't spike as the price increases, a sustainable rally could be on the cards, especially with enough demand from the spot market.🎯

So, is a new all-time high on the table if BTC breaks toward $70K? Only time will tell. Stay tuned, Bitcoin believers!🚀🌕