🚀 Bitcoin Bulls Eye New Heights! 🚀

Bitcoin enthusiasts, get ready for some excitement! After months of consolidation, BTC is on the verge of breaking its previous all-time high. The daily chart shows Bitcoin has surged past the 200-day moving average at $64K and is now testing the critical $69K resistance level. A successful breakout here could pave the way for a long-term rally. 🌟

However, caution is advised as the RSI indicates overbought conditions, hinting at a potential pullback. On the 4-hour chart, BTC has broken a bullish flag, reinforcing the bullish sentiment but also showing overbought RSI values.

On-chain analysis reveals short-term holders are taking profits, which is typical in a bull market but could lead to a correction if selling pressure mounts.

Stay tuned, Bitcoiners! The next few days could be pivotal. 🚀💰