#CryptoMarketDip Bitcoin (BTC) Technical Analysis

The Daily Chart :-

On the daily chart, the asset has been rising since rebounding from the $91K support level. Yesterday, the price broke above the $100K level and closed above it on the daily timeframe. If bitcoin is able to hold above the $100K level, a rally higher and a new record high would be imminent.The 4-Hour Chart :-

Looking at the 4-hour chart, the price is behaving just as expected in an uptrend. Since the beginning of the year, new highs and lows have been forming, indicating the start of a new rally.

The market is currently pulling back to the $100K level, but it will likely rebound from it and continue higher in the coming days. Yet, if this level is lost, deeper correction toward the $91K level would be expected.