Bitcoin reached a new all-time high of $112K but is showing signs of weakness in its bullish momentum.
Technical analysis indicates that Bitcoin is facing a minor pullback towards the $109K support level, with potential for further upside towards $115K.
On the 4-hour chart, Bitcoin maintains a bullish market structure but a break below key support levels could lead to a correction towards $100K.
On-chain analysis suggests that profit-taking among short-term traders contrasts with long-term holders' accumulation behavior, indicating potential for continued uptrend in the mid-term.