The price of Bitcoin is approaching an all-time high after a strong increase over the past few days. However, this asset has encountered some initial resistance and has not yet surpassed the peak from March.

**Technical Analysis**

*Daily Chart:* BTC has started to rise from the support level of $52K. Over the past few weeks, it has crossed the 200-day moving average at around $64K and the resistance zone of $69K. Currently, BTC is testing the resistance zone of $74K, its record peak.

*4-Hour Chart:* BTC has gone through an accumulation phase below the $68K level, leading to a strong breakout towards $74K. However, the RSI indicates an overbought signal, which could lead to a short-term correction.

**On-Chain Analysis**

*Short-term Holder SOPR Index:* Although BTC's price may reach new highs, the profit-taking ratio does not show a similar situation. This is a positive sign, indicating that the market may not be overwhelmed by supply and a sustainable increase could still occur. 🚀