Bitcoin is finally getting ready to break the 60K level! đ
- On the daily chart, Bitcoin is trying to recover from 52K and break the 60K resistance.
- The RSI is above 50, meaning the market is back in bull mode.
- However, for a long-term rally, it needs to break the 200-day moving average at 64K.
4-Hour Chart:
- It has been making higher highs and lows since 52K.
- It is only a matter of time before the 60K resistance is broken, after which a rally towards 64K is expected.
On-Chain Analysis:
- The BTC supply rate on exchanges is decreasing, indicating heavy accumulation.
Share your thoughts in the comments! đŹâš
