📈🚀 Bitcoin seems to be bouncing back, folks! After a rough patch, it's found some solid ground at $56K.

• It's now testing the 200-day moving average from below. If it can rise above, $60K is the next big hurdle.

• On the 4-hour chart, the price has rebounded from a double bottom around $54K.

The market's looking hopeful for a recovery. 🙌

But, let's not forget our short-term holders. The STH-SOPR metric (measuring profit realization for those holding <6 months) has dipped below one, indicating losses. This could be a sign that the correction phase is ending.

What do you think? Is Bitcoin ready to challenge $60K? Let's chat in the comments! 💬 #Bitcoin #CryptoNews #DeFi