đ Bitcoin Breaks Key Level, Eyes New All-Time High! đ
Bitcoin enthusiasts, rejoice! BTC has smashed through the $64K level and the 200-day moving average, signaling a potential surge towards a new all-time high. đ
**Daily Chart Insights**
The daily chart shows bullish momentum with the RSI backing the uptrend. If this trend continues, we could see BTC hitting the $68K resistance zone soon. Even in case of a correction, the 200-day moving average is likely to support the price.
**4-Hour Chart Highlights**
BTC has been creating higher highs and lows, supported by a strong trendline. If this persists, $68K is within reach. A break below the trendline might lead to a pullback to $60K.
**On-Chain Analysis**
Short-term holders have started realizing profits again, a typical bull market behavior. However, if selling pressure isn't met with demand, prices could dip.
Stay tuned, Bitcoiners! đ
