Bitcoin Price Approaching New Record High 🌟

- After months of consolidation, Bitcoin price is approaching a new record high, but there is one final resistance level to overcome.

- On the daily chart, Bitcoin has broken above the 200-day moving average at around $64K and is now testing the $69K resistance level. If it breaks above, Bitcoin could reach a new high and continue its long-term growth.

- However, the RSI is entering overbought territory, which could lead to a short-term correction.

- On the 4-hour chart, the price broke out of a large bull flag and broke above the $64K resistance level, but the RSI is also showing overbought values.

- On-chain analysis shows that short-term investors are taking profits, which could lead to selling pressure and a price correction.

🚀 Bitcoin could reach a new record high if it breaks above the $69K resistance level.