🚀BTC enthusiasts, get ready for some exciting news! Bitcoin's price has recently soared above the crucial $30K resistance level, but a correction might be on the horizon. 📉

On the daily chart, BTC has broken through $30K and rallied towards $35K. However, consolidation at this level signals a potential correction in the coming weeks. 😮

The 4-hour chart shows an ascending channel around $35K, which could lead to a bearish reversal if the price breaks below it. But, if it breaks above, we might see a rally towards $37K! 🎢

🔍On-chain analysis of Bitcoin's active addresses reveals a gradual increase since the beginning of 2023, fueling the bullish price action. If this trend continues, the recent bullish move could be sustained. But, a drop in network activity might indicate a bearish reversal. 🐻

Stay tuned for more updates on Bitcoin's thrilling journey! 🌟