**Bitcoin on the Brink of Major Trend Shift**
Bitcoin's price is teetering on the edge of a significant trend change. A close above $65,000 on both weekly and monthly charts could break the six-month pattern of lower highs.
Recent catalysts include:
- Spot Bitcoin ETF inflows surged by $494 million, totaling $18.8 billion.
- MicroStrategy bought 25,720 BTC in recent weeks.
- US stock markets and gold hit new highs.
- PBOC announced rate cuts, aligning with Bitcoin's price expansion.
Technical indicators show Bitcoin closing above the 200-day moving average and a descending trendline. A brief dip to $62,000 might occur, but traders are watching for a push through the $66,000-$68,000 zone. The bullish narratives suggest Bitcoin could be ready to test new all-time highs.