Bitcoin is at a critical level that will determine the medium-term trend of the entire crypto market.

- On the daily chart, the asset is growing from the $52K support level and has broken through the $56K and $60K marks. It has now reached the 200-day moving average at $64K.

- On the 4-hour chart, the price is consolidating in a descending channel at $64K. A breakout to the downside could lead to a bearish reversal, while a breakout to the upside could lead to growth to $70K.

- Chain analysis shows that short-term holders are starting to take profits again after the recent rally.

The market expects Bitcoin's reaction to these levels to determine further movement.