The price of Bitcoin has failed to maintain the level above $100K, causing investors to worry about the end of the historic bullish trend. However, this conclusion seems far-fetched, as the price is still fluctuating around this level.

- **Bitcoin Price Analysis**: On the daily chart, the price of Bitcoin has dropped below the crucial $100K level but quickly recovered from the previous sharp drop. Currently, the price is retesting the resistance area of $100K and may rise higher in the coming weeks.

- **4-hour Chart**: An ascending channel has formed, but the price was rejected at the upper boundary. However, if it breaks through this boundary, Bitcoin could continue to rise strongly above $100K.

- **On-Chain Analysis**: The whale ratio on the exchange has decreased, indicating that whales are not selling aggressively. This may be related to adjustments in the futures market rather than changes in the spot market. 📈