The price of Bitcoin has increased by 6% over the past month, but the trend strength is weakening according to the ADX indicator. There have been netflows of BTC into exchanges, indicating a shift towards caution among holders. BTC must break above the $68,506 resistance level to reach a new all-time high, but failure to hold key supports could result in a pullback. The current trend is weaker than before, suggesting a loss of momentum. Recent netflows to exchanges have been negative but at a lower volume, indicating less confidence and a more cautious sentiment among holders. The short-term EMAs are still above the long-term ones, but the gap has narrowed, indicating weakening bullish momentum. If BTC breaks the resistance level, it could reach $70,036, but if the trend reverses, it could retest support at $62,648 or drop further to around $57,830.



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