Bitcoin price is nearing the $100K mark, but there has been a slight correction. After the US elections, the market surged, making Bitcoin purchases one of the most profitable trades. However, the price has decreased and is currently far from the six-figure target.

- **Technical Analysis**: On the daily chart, the price has increased almost vertically since the beginning of November. While it has the potential to reach $100K, the RSI signal indicates a high chance of a correction or accumulation.

- **4-Hour Chart**: The price is rising within an ascending channel, along with bearish divergence from the RSI, indicating the possibility of a correction. However, this may occur after the price surpasses $100K.

- **On-Chain Analysis**: Exchange reserves have sharply decreased as investors withdraw Bitcoin, indicating a bullish market sentiment and potentially pushing prices higher in the coming weeks. 🚀