Bitcoin is dancing above 100K! 💃
- Bitcoin has been hovering above 100K in recent days and is climbing towards 110K. 🚀
- Although the uptrend slowed down a bit after rising above 90K on the daily chart, 100K is now a support zone.
- Watch out on the 4-hour chart! It is being tested at the upper limit of the rising channel. If there is a decline, 100K may be the first stop.
- On-chain analysis shows that BTC reserves on exchanges are decreasing rapidly. This supports the price increase in the supply-demand balance.
Where do you think Bitcoin will stop in the comments? 📈