🚀 **Bitcoin Bounces Back!** 🚀
After a rocky ride, Bitcoin found its footing near the $50K mark, sparking a bullish rebound! 📈 Buyers swooped in, pushing BTC towards a critical resistance zone around the 200-day moving average at $61K. This area, filled with supply, might halt the upward momentum and trigger selling pressure.
On the 4-hour chart, BTC absorbed sell-side liquidity below $50K, leading to a significant surge. Yet, resistance at $59K-$62K could challenge this rally.
Whale activity shows BTC dipping below short-term buying levels but rebounding towards $64K-$65K. This zone is crucial; a break above could reignite bullish momentum, while rejection might signal another drop to $50K. Stay tuned! 🌟