**Bitcoin Set to Break New Record, But There’s One Last Hurdle! 🚀**

Crypto investors are flying over the moon as Bitcoin price appears headed for a new record after months of consolidation. But, there’s one last resistance level to break!

**Technical Analysis**

*Daily Chart*

- Bitcoin is surging after breaking through the 200-day moving average around the $64K level.

- The market is currently testing the key $69K resistance level. If it breaks, Bitcoin could reach a new all-time high and rally further.

- Be careful, RSI is approaching overbought territory, a pullback could occur.

*4-Hour Chart*

- Price recently broke out of a large bullish flag to the upside.

- The $64K resistance level has been broken, the market is reaching the $69K resistance level.

- The market structure is very bullish, but the RSI is showing overbought values. A pullback or rejection from the $69K level could occur.

**On-Chain Analysis**

*Bitcoin Short-Term Holder SOPR*

- BTC looks set to make a new all-time high, short-term market participants are starting to realize profits.

- After months of realizing losses, they are starting to take profits as BTC appreciates.

- This is natural behavior in a bull market, but could lead to a correction if there is excess supply and selling pressure.

What do you think? Will Bitcoin break the $69K level? Let's discuss in the comments!