🚀 Bitcoin Bounces Back! 🚀
Bitcoin's price has recently surged after a month of bearish trends, and the market is buzzing with optimism! 📈
**Daily Chart Insights**
BTC found solid support at $56K and has reclaimed the $60K level, along with the 200-day moving average. However, breaking the $65K resistance has been a challenge. With the RSI showing bullish momentum, a push above $70K could be imminent unless the price dips below $60K again.
**4-Hour Chart Highlights**
An impulsive rally has begun, but $65K remains a tough nut to crack. The RSI shows bearish divergence, hinting at a possible correction toward $60K. Yet, the short-term outlook stays bullish.
**On-Chain Analysis**
Short-term holders have been selling at a loss, a typical sign of correction bottoms in a bull market. If the STH SOPR metric recovers above 1, we might see BTC hitting new all-time highs soon!
Stay tuned, Bitcoin enthusiasts! 🌟