🚀 Bitcoin Bulls Are Back! 🚀

Bitcoin has recently bounced back above the crucial 200-day moving average at $59.2K, sparking excitement among BTC enthusiasts! 📈 After a prolonged bearish trend, BTC found strong demand at the 0.5 Fibonacci level ($56K), leading to a slight bullish rebound. This move above the 200-day MA suggests a potential bear trap and a bullish reversal on the horizon. 🌟

On the 4-hour chart, Bitcoin faces a critical resistance at the $60K mark. If it breaks through, we could see a rally towards $65K! Conversely, a rejection might lead to a retest of the $56K support. Stay tuned! 🚀