๐ #Bitcoin nearing $69K ATH! ๐ But will it break through or face a correction? Let's discuss! ๐
- BTC's impressive run fueled by spot ETFs & growing optimism ๐
- $69K mark: significant resistance area with substantial supply overhang ๐ง
- Temporary market reversal possible due to selling pressure ๐
- Primary support zone around $48K on the weekly chart ๐ก๏ธ
- 4-hour chart: bullish momentum continues, but caution needed near $69K ๐จ
- Minor correction likely in the medium term, with pullbacks towards established support levels ๐
- On-chain analysis: influx of short-term investors, potential for significant price movements ๐
Stay bullish, folks! ๐ Share your thoughts in the comments! #DeFi #Web3