📈 Bitcoin's been chillin' above $60K, but it's a bit of a coin toss whether we're headed for a new high or a dip. 🤔
Here's the scoop:
- Daily chart shows a rejection from $70K, with $60K being the next test.
- If we break below $60K, we might see a drop to $52K. But if we reclaim $68K, a new all-time high could be on the horizon. 🚀
- 4-hour chart shows a consolidation pattern. With the RSI below 50%, a breakdown could mean a deeper decline.
But what's the market mood?
- Bitcoin funding rates (measuring buyer/seller aggression) are near zero, suggesting neutral sentiment.
- Not necessarily bad news, as it means the futures market has cooled. If spot market demand picks up, we could see a sustainable rally.
What do you think? Bull or bear? 🐂🐻 #Bitcoin #CryptoMarket #Debate