The current four-hour K-line of Bitcoin has broken through the downward trend resistance line that has lasted for several days, temporarily ending the decline and entering the early stage of an upward trend. At this point, the upward trend of the price remains susceptible to change, especially since it has not yet confirmed a significant pressure level at the 100,000 mark. However, the potential for a bullish trend is also substantial, as a breakthrough would mean a strong consecutive rise in price. Currently, the price has surpassed the highest price of 96,250 on December 31, indicating that the entire rebound is in a state of high upward movement. If the price can continue to break through the high of 97,600 on December 27, the consensus is that breaking through two highs consecutively will further strengthen the upward continuation of the price. Furthermore, to completely change the bearish adjustment trend, it is believed that the price must break through the peak high of December 26, which is to reclaim the whole number of 100,000 points. This key level was also mentioned in an article a week ago, with the title indicating that breaking through the 100,000 mark will be a sign of starting to rise. Currently, there is still a distance of 3,300 USD to reach that point, thus, once it breaks through 100,000 USD, it is believed that the entire upward channel will officially open, and the price will continue to forge ahead, naturally breaking new highs.
The hourly chart has formed a continuous upward state, with the price rising and then slightly retreating to recover its decline, continuing to make upward breakthroughs. The entire process employs an active buying approach to push the price up. This method represents a process of active buying, usually indicating strong consensus among bulls and sufficient preparation from the main forces. Therefore, based on this pattern, the probability of the price forming a continuous bullish trend is high, and once it breaks through 100,000 USD, it signifies that the price will officially embark on a new high journey.