đ Bitcoin Price Watch: Consolidation at $60K, Whatâs Next? đ
Bitcoinâs price is currently consolidating around the $60K mark, but an impulsive move might be on the horizon! đ
**Daily Chart Insights**
Despite a rapid rejection from the 200-day moving average at $63K, BTC has rebounded from $52,500 and is testing the critical $60K level. Breaking above both $60K and the 200-day MA could spark a new rally! đ
**4-Hour Chart Analysis**
BTC is at a crucial juncture, testing a bullish trendline. If it holds, a rise above $60K is likely. A breakdown, however, could see a dip to $57K or even $53K. đ
**On-Chain Analysis**
Funding rates have dropped, signaling bearish sentiment. Yet, this could mean the market is cooling off, setting the stage for a sustainable rally with enough buying pressure. đȘ
Stay tuned, BTC enthusiasts! đ
