The price of Bitcoin has been recovering in recent weeks, reaching levels above $60,000. There is a possibility of a bullish breakout, which could result in a new all-time high for the cryptocurrency. However, there is also a chance of a decline if the price is rejected at the $64,000 resistance level.

Meanwhile, Bitcoin miners have reduced their selling pressure during the price consolidation period, indicating that they are prepared to hold for higher prices. This decrease in supply could potentially lead to a rally in the coming months.



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