Bitcoin (BTC) faces local resistance levels, but the crypto asset is rallying thanks to aggressive spot market activity. 🚀

According to a report from Bitfinex Alpha, on-chain metrics point to a bullish momentum for Bitcoin. The uptrend is supported by an increase in inflows into US spot Bitcoin ETFs, indicating growing investor confidence.

However, the $60,500-$61,000 resistance level is a concern. Historical data shows that short-term sell-offs are common after Fed rate cut announcements. Let's keep an eye on the developments! 📊