$BTC *Bitcoin Price Analysis*
- Current price: $69,758
- Recent performance: 7.73% recovery, followed by a 1.7% dip
- Fibonacci level: 23.60% at $68,823
- Possible scenarios:
- Bearish avalanche to $65K
- Retest before a massive surge to a new all-time high
*Technical Indicators*
- Flag pattern: bullish breakout teases a jump beyond all-time high
- Supply zone: visible at $71,400, warns of bearish turnaround
*Derivatives Data*
- Open Interest: surged 15.5% to $16.76 billion, indicating increased market liquidity and volatility
- Funding rate: 0.00803132, signifies dominant long traders, supporting bullish viewpoint
*On-Chain Data*
- Transfer volume: increased 106.44% to 924,412.09, reflecting a boom in transaction activity
*Sentiment*
- Overall sentiment: bullish
- Expectations: continuation of uptrend, potential surge to $79K
- Caution: reversal below $68K could retest $65K zone