๐ Bitcoin Bounces Back! ๐
Bitcoin's price is showing strong signs of recovery, reclaiming key levels and giving investors hope that the correction phase might be over. ๐
**Daily Chart Insights:**
BTC has surged from the $56K support level, breaking through the 200-day moving average at $59K and the $60K resistance level. The $65K resistance is still a hurdle, but with RSI favoring a bullish move, a new all-time high could be on the horizon! ๐
**4-Hour Chart Highlights:**
Higher highs and lows are evident, with BTC breaking through bearish trends and the $60K level. A pullback to $60K might occur before another upward move. ๐
**On-Chain Analysis:**
Bitcoin Exchange Reserves are dropping, indicating large investors are buying and holding. This supply shrink could fuel a sustainable rally in the coming months. ๐ฅ
Stay tuned, BTC enthusiasts! ๐