🚀 **Bitcoin Price Analysis: Consolidation Continues!** 🚀

Bitcoin's price has been in a consolidation phase over the past couple of weeks, recovering from the $56K support level. Investors are eagerly watching to see if a new record high is on the horizon. 📈

**Daily Chart Insights:**

BTC has been rangebound between $64K and $68K. The $68K resistance has been tested twice without success, and the $64K support is now under scrutiny. If $64K breaks, the next target for bears is the 200-day moving average around $61K. However, staying above this average keeps the trend bullish. 🐂

**4-Hour Chart Insights:**

BTC is showing a gradual decline in a falling wedge pattern, finding support at $64K. A breakout above the wedge could see BTC rallying toward $68K again. Conversely, a breakdown below $64K is possible, with RSI indicating bearish momentum. 🐻

**On-Chain Analysis:**

Despite the price stagnation, Bitcoin Exchange Netflow shows significant withdrawals, indicating investors are accumulating BTC. This behavior suggests a potential supply shock, possibly leading to a significant rally in the coming months. 📊

Stay tuned, BTC enthusiasts! The market is poised for exciting movements. 🌟