Bitcoin price failed to reach a new high last week, but the bull market is not over yet! 📈 On the daily chart, the $74K resistance was rejected and the $69K support area is being tested. If this area holds, a new record may come. However, if $69K is broken, the 200-day moving average at $64K may be of interest.

On the 4-hour chart, the price has broken below the ascending channel, but a double bottom formation is forming at the $69K support area. If it rises above $70K, bullish continuation is expected. Otherwise, a correction towards $64K is possible.

In the on-chain analysis, active addresses are at their lowest level in recent years, but the uptrend is promising. If network activity increases, Bitcoin prices may rise. 🚀