๐Ÿš€ Bitcoin Bulls Are Back! ๐Ÿš€

Bitcoin (BTC) has made a triumphant return from a key support zone, bouncing off the 0.5 ($56.3K) and 0.618 ($52.1K) Fibonacci levels. This bullish reversal has propelled BTC by a whopping 15%, bringing it close to the 100-day moving average at $61.6K. ๐Ÿ“ˆ

However, BTC might face some selling pressure at this level, suggesting a possible short-term consolidation. On the 4-hour chart, BTC's upward trend began at the $53K support, aligning with the 0.618 Fibonacci level. If BTC can break past the $65K resistance, the next target could be $70K! ๐ŸŒ•

On-chain analysis shows the MVRV ratio has dipped below its 365-day moving average, hinting at a potential market recovery. But remember, patience is key as the market navigates through fear and uncertainty. Stay optimistic, BTC enthusiasts! ๐Ÿ’ช