🚀 Bitcoin's price is bouncing back, folks! After a few mont

--・274 views

🚀 Bitcoin's price is bouncing back, folks! After a few months of correction, we're seeing signs of recovery. But is it time for a new all-time high or just a fake breakout? Let's dive in! 🕵️‍♂️ 💹 The daily chart shows Bitcoin breaking above the midline of a descending channel pattern. If it can conquer the $68K resistance level, a new all-time high could be on the horizon. ⏰ On the 4-hour chart, the $60K support level has held strong, preventing a deeper correction. With the Relative Strength Index above 50%, a breakout above $68K seems likely in the short term. 📈 Bitcoin's open interest, a key metric for futures market sentiment, is also recovering. If it doesn't skyrocket as the price increases, we could be in for a sustainable rally. So, what do you think? Is a new all-time high on the table if BTC breaks toward $70K? Share your thoughts below! 👇 #Bitcoin #CryptoNews #BTC

🚀 Bitcoin's price is bouncing back, folks! After a few months of correction, we're seeing signs of recovery. But is it time for a new all-time high or just a fake breakout? Let's dive in! 🕵️‍♂️
💹 The daily chart shows Bitcoin breaking above the midline of a descending channel pattern. If it can conquer the $68K resistance level, a new all-time high could be on the horizon. 
⏰ On the 4-hour chart, the $60K support level has held strong, preventing a deeper correction. With the Relative Strength Index above 50%, a breakout above $68K seems likely in the short term.
📈 Bitcoin's open interest, a key metric for futures market sentiment, is also recovering. If it doesn't skyrocket as the price increases, we could be in for a sustainable rally.
So, what do you think? Is a new all-time high on the table if BTC breaks toward $70K? Share your thoughts below! 👇 #Bitcoin #CryptoNews #BTC