š Bitcoin on the Verge of a Breakout! š
Bitcoin enthusiasts, get ready! After weeks of consolidation, BTC is eyeing a major move above the $60K level. š The daily chart reveals a bullish momentum with the RSI above 50, signaling a potential rally. However, the real test lies at the $64K resistance, where the 200-day moving average stands.
On the 4-hour chart, BTC has been making higher highs and lows since bouncing from $52K. With bullish RSI and no signs of overbought conditions, a breakout above $60K seems imminent. š
On-chain analysis shows a declining BTC exchange supply ratio, indicating heavy accumulation. If demand holds, we might see BTC soar to new heights! š
Stay tuned, Bitcoiners! š
