đ Bitcoin Price Watch: Bull Run on the Horizon? đ
Bitcoin enthusiasts, hold onto your hats! Over the past few weeks, BTC has been on a recovery spree, bouncing back from the $52,500 support level and reclaiming the $57K and $60K marks. The daily chart shows BTC testing the critical $64K resistance level and the 200-day moving average. A bullish breakout here could set the stage for a new all-time high! đ
On the 4-hour chart, BTC is riding an ascending channel, but bewareâa rejection at $64K could see a dip to $60K or $57K. However, the daily timeframe still hints at more upside potential.
Miners are also playing their part. They've reduced selling pressure, signaling they're ready to hold for higher prices. This could mean a supply squeeze and a potential rally in the coming months. đ
