🚀 Bitcoin enthusiasts, rejoice! BTC has been making waves, trading above the $100K mark and eyeing the $110K milestone. The daily chart shows a promising uptrend with higher highs and lows, turning the $100K level into a solid support zone. 📈

However, the 4-hour chart presents a challenge, as BTC tests the ascending channel's boundary. A bearish rejection could see prices dip back to $100K, but a breakout might propel BTC to new heights! 🌟

On-chain analysis reveals a declining exchange reserve, signaling reduced supply as investors accumulate. This trend could fuel further price surges, with $110K and $120K as potential targets. Keep your eyes peeled! 👀