Bitcoin Price Prediction as On-Chain Metrics Reveal Whales are Holding Despite Recent Surge

Bitcoin (BTC/USD) showcases a robust uptrend, escalating by nearly 1.50% to a trading price of $69,400. Marking a significant pivot at $68,443, Bitcoin navigates through key resistances at $71,992, $75,598, and $79,296, hinting at potential milestones in its upward trajectory.

Support levels at $64,861, $62,872, and $59,380 provide a safety net against downturns. The Relative Strength Index (RSI) standing at 66, coupled with a bullish engulfing candle on the 4-hour chart, underscores a compelling buying trend.

Should Bitcoin sustain above $68,500, a bullish narrative prevails; conversely, dipping below this benchmark could trigger a sell-off.

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