**Bitcoin Consolidates: Is a New Record on the Spot?**

Bitcoin is making you curious again! After recovering from the $56K level, BTC price is now stuck between $64K and $68K. Investors are wondering, will we see new records anytime soon?

**Technical Analysis**

- **Daily Chart**: BTC price moves in the $64K-$68K range. Twice failed to penetrate $68K, now testing $64K support again. If this support is broken, the next target is at the 200-day moving average around $61K. As long as it is above this level, the trend is still considered bullish.

- **4-Hour Chart**: Price shows a descending wedge pattern with support at $64K. If it can break above, BTC may rally to $68K again. However, if the $64K support is broken, the RSI shows bearish momentum.

**On-Chain Analysis**

- **Netflow Exchange Bitcoin**: Data shows two big negative days, meaning a lot of BTC was withdrawn from exchanges. This indicates investors are taking advantage of the downturn to add to their portfolio. This accumulation could cause a supply shock and significant rally in the coming months.

What do you think? Come on, discuss in the comments column! 🚀