🚀 Bitcoin Price Analysis: BTC on the Verge of a New All-Time High! 🚀

Bitcoin enthusiasts, get ready for some exciting news! Over the past couple of months, BTC has been consistently making higher highs and lows, inching closer to a new all-time high. 📈

On the daily chart, Bitcoin has been rallying since bouncing off the $52K support level. It broke above the crucial 200-day moving average around $64K but hasn't yet surpassed its all-time high. Currently, BTC is testing the $68K support level and looks poised for another upward surge. 🌟

The 4-hour chart shows BTC trending higher within an ascending channel. Despite a recent rejection at the upper boundary, the lower trendline is holding strong. If this support continues, a new record high could be just around the corner. However, a breakdown might lead to a correction toward $64K or even $60K. 📉

Sentiment analysis reveals that Bitcoin funding rates are positive, indicating bullish sentiment. While these rates are lower than during the last all-time high, the futures market isn't overheated. With enough spot demand, higher prices are likely in the coming weeks. 🌠

Stay tuned, Bitcoin lovers! The next big move could be just ahead! 🚀