🚀 Bitcoin's Rollercoaster Ride: What's Next? 🚀

Bitcoin's price has seen a dip of nearly 10% this past week, struggling to stay above $58,000. 📉 While the daily chart shows consolidation around $60K, a rejection from the $64K resistance line and the 200-day moving average suggests a test of the $56K support level is imminent. The RSI indicator also hints at bearish momentum.

However, on-chain analysis tells a different story. The Bitcoin Exchange Reserve metric shows a significant decline, indicating an accumulation phase. 📊 This could mean a supply shrink and potential for a new price rally! 🌟

Stay tuned, BTC enthusiasts! 🌐