Bitcoin Price Ready to Break $60K, Get Your Popcorn Ready!

Bitcoin is finally showing signs of breaking through the $60K level after weeks of consolidation. However, there is one more hurdle to overcome.

**Technical Analysis**

- **Daily Chart:** Bitcoin price is showing intentions to break through the $60K resistance after rebounding from $52K. The RSI is above 50, indicating bullish momentum. However, for a long-term rally, the price must break through the 200-day moving average around $64K.

- **4-Hour Chart:** The price is making higher highs and higher lows since the bounce from $52K. The RSI is also bullish and has not yet reached overbought. So, a price rally seems to be just a matter of time.

**On-Chain Analysis**

- **Exchange Supply Ratio:** The ratio of BTC on exchanges has been decreasing since February, indicating heavy accumulation. If demand is sufficient, the market could start rallying to higher prices.

What do you think? Will BTC break $60K? Comment below! 🚀