**Bitcoin Eyes $63K for New All-Time Highs**

Bitcoin (BTC) is on the move, rebounding nearly 8% this week after macroeconomic events boosted risk assets. Popular trader HornHairs highlighted that BTC needs a daily close above $63,000 to pave the way for new all-time highs. This level has been a significant resistance point for months.

- **Key Levels**: $63K is crucial as it includes trend lines and the aggregate cost basis for short-term investors, essential for any bull market.

- **200-Day SMA**: MS2 Capital notes the 200-day simple moving average aligns with the largest onchain volume area around $64,000.

- **Breakout Potential**: Analyst Rekt Capital points out Bitcoin is breaking its downward trend from late July, with $67,000 as the next key breakout level.

Bitcoin has been in a "reaccumulation range" since its halving event in April, and historically, it breaks out 150-160 days post-halving. We're currently at day 158. Is a breakout imminent? Stay tuned!