The price of Bitcoin has surpassed $100K but has not yet reached a new all-time high. According to technical analysis, the likelihood of forming a new peak is very high.

- **Daily Chart**: Bitcoin has risen from a support level of $91K and closed above $100K. If it maintains above this level, the price could continue to rise and reach a new peak.

- **4-Hour Chart**: The price is in an upward trend, with new highs and lows being formed. If the price holds above $100K, the upward trend will continue. Conversely, if it drops below this level, it could correct deeply to $91K.

- **On-Chain Analysis**: Bitcoin reserves on exchanges have sharply decreased, indicating strong buying pressure and the likelihood that the price will rise in the coming weeks. 🚀