Bitcoin (BTC) bounced back above $67,000 after three days of decline, indicating optimism for its price outlook. The Glassnode weekly report highlights the unrealized profits of short-term holders, showing that recent buyers hold an unrealized profit, providing relief to investors. Open Interest in Bitcoin futures contracts reached a new all-time high of $32.9 billion, suggesting increased leverage in the system and the presence of institutional investors. If support at $66,000 holds, Bitcoin could reclaim its high of $69,519, but if it breaks below this support, it could decline to $62,055. The Relative Strength Index (RSI) indicates weakness in bullish momentum.



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