Bitcoin price is in a critical zone to reach a new all-time high. 📈

- The daily chart shows that BTC is trading above $64K, recovering from $60K, and the market is in an uptrend again.

- On the 4-hour chart, there are bearish signals in the RSI, indicating that a correction to $64K is possible if the $69K resistance is not broken.

- On-chain analysis shows that investors are expecting a long-term rally as open interest increases. However, excessive optimism can lead to market overheating and sudden declines.

Source: TradingView, CryptoQuant