Bitcoin Price Analysis: Is $BTC Headed Back Toward $100K Following Today’s Recovery?

📉 Bitcoin Teases $100K but Faces a Pullback
Bitcoin’s price has retreated slightly after approaching the $100K milestone. Despite this correction, analysts see a strong probability of reaching the mark soon, supported by robust technical and on-chain signals.

📊 Daily Chart: Bullish Momentum Holds
The daily timeframe shows significant bullish momentum, although BTC has been correcting after failing to hit $100K. The $90K support level remains intact, bolstered by an RSI that no longer signals overbought conditions.

📈 4-Hour Chart: Channel Break and Recovery
The 4-hour chart reveals a recent breakdown of an ascending channel, often a reversal pattern. However, the bullish market structure suggests BTC could re-enter the channel, resuming its push toward $100K. A drop below $90K, while unlikely, could lead to a deeper correction toward $80K.

Bitcoin’s current pullback is seen as a consolidation phase. As long as $90K holds, a renewed rally toward $100K remains a strong possibility, driven by bullish momentum and tempered profit realization.