Bitcoin is back on the rise, trading at $67,330 with a slight bump in the last day. This surge comes amidst a hefty trading volume of $16.3 billion, sparking questions about who's behind the wheel. Could this be the return of the Chinese whales?

Looking at the technical indicators, the 4-hour chart paints a bullish picture. As long as Bitcoin stays above the pivot point of $66,680, things are looking good.

If the bulls can maintain control, we might see a test of the resistance levels at $69,296, $71,090, and even $72,809. But a break below the pivot point could trigger a sell-off, dragging the price down to the support levels of $64,662, $63,299, and $61,517.

The good news? The Relative Strength Index (RSI) sits comfortably at 64, indicating there's room for further growth. The 50-day EMA (Exponential Moving Average) is also lending support at $64,739, reinforcing the bullish trend.

Right now, Bitcoin is forming Doji candles around the pivot point, hinting at some indecision in the market. But as long as the price stays above this crucial level, the overall outlook remains positive.

So, what's next for Bitcoin?

If the bulls can keep Bitcoin above $66,680, a surge towards the resistance levels is a strong possibility. But a break below this point could see a price drop. How the market reacts at these key levels will be crucial in determining Bitcoin's next move.

In simpler terms:

Bitcoin is looking good right now, but it faces some hurdles. If it can overcome resistance at $69,296, it could keep climbing. If it falls below $66,680, brace for a potential drop. Keep an eye on these key levels for clues about Bitcoin's future.

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