Bitcoin has surpassed the $100K mark and is approaching $110K! 🚀
- **Technical Analysis**: On the daily chart, Bitcoin is continuously making higher highs and higher lows, although the uptrend is slowing down after surpassing $90K. Currently, $110K and $120K are potential targets as $100K has become a support area.
- **4-Hour Chart**: There are concerning signals as the price has not broken through the uptrend channel. If rejected, $100K could be the first destination. However, if it breaks through, the price could surge.
- **On-Chain Analysis**: Exchange reserves are decreasing sharply as investors accumulate, indicating a reduction in supply. If this trend continues, the price of Bitcoin may continue to rise. 📈