The price of Bitcoin is making investors anxious as it goes through a correction before reaching the $100K mark. However, the likelihood of achieving this milestone is still very high. 📈
**Technical Analysis**
- The daily chart shows strong upward momentum for BTC, even though the market is correcting after failing to reach $100K.
- The $90K level is still holding strong and may prevent the market from dropping further, especially as the RSI no longer indicates overbought conditions.
**On-Chain Analysis**
- The SOPR index for long-term investors shows they are realizing profits as the market rises.
- Although this can be seen as a bearish signal, this index is still lower than the previous peak, indicating that prices may continue to rise. 🚀