๐Hey BTC enthusiasts!๐ Bitcoin's price is currently correcting, failing to make a new all-time high. But don't fret! The bull market might still be far from over.๐
๐On the daily chart, BTC couldn't hold above the $66K level, indicating a fake breakout from a large descending channel. The RSI has also dropped below 50%, signaling bearish momentum. A decline toward the $60K support zone seems probable.๐
๐But wait, there's more! The 4-hour chart paints a slightly brighter picture. BTC has been consolidating inside a horizontal channel. Despite a recent dip below the channel, it bounced back quickly.๐
๐If BTC climbs back inside the channel, it could test the higher boundary around the $72K mark. But if the channel breaks down, a drop toward the $60K level could be imminent. So, keep your eyes peeled!๐
๐คWill the Bitcoin correction end soon? Is $60K possible? Only time will tell. Stay tuned for more updates!๐ฎ