Bitcoin price is poised to break above $60K again after weeks of consolidation. 📈 The daily chart shows that the price is trying to break above this resistance, but for a long-term rally, it needs to break above $64K. The RSI is above 50, indicating a bullish market sentiment.
The 4-hour chart shows an uptrend, and a break of $60K will open the way to $64K. The RSI also confirms the bullish momentum.
The chain shows that the amount of BTC on exchanges is decreasing, indicating accumulation. If there is enough demand, a new rally is possible. 🚀