🚀 Bitcoin enthusiasts, hold onto your hats! BTC is teasing us by flirting with the $100K milestone, coming tantalizingly close before taking a breather. The post-election market rally has been a wild ride, but Bitcoin's recent retracement has left us wondering what's next.
📈 On the daily chart, BTC's vertical surge since November hints at a potential $100K breakthrough. However, the RSI's overbought signal suggests a correction might be on the horizon.
🔍 The 4-hour chart supports this, showing a gradual rise within an ascending channel and a bearish RSI divergence. A pullback seems likely, but only after BTC crosses that coveted $100K line.
💡 On-chain analysis reveals a bullish sentiment as exchange reserves drop, indicating investors are holding tight. This supply shock could propel BTC even higher in the weeks to come. Keep your eyes peeled!