š Bitcoin's been on a wild ride, folks! Bulls are back in the game, pushing BTC above $60K. But will it stick? Let's dive in! šš
- BTC's been bouncing around in a descending channel for a while now. Had a brief scare with a bearish breakout, but it's back in the channel and aiming for $68K.
- The 4-hour chart shows a quick recovery and the midline of the channel is up next. But watch out for a possible pullback with the RSI nearing the overbought zone.
- Miners aren't panicking, though. The Miners Position Index (MPI) is dropping, which means less selling pressure.
So, what's next? If demand holds up, we could see BTC rallying towards $80K. Let's chat in the comments! What's your BTC prediction? #Bitcoin #DeFi ššÆ