<ul><li>Bitcoin has maintained its price above $100K, indicating a potential move towards $110K and $120K.</li><li>Technical analysis suggests that Bitcoin is forming higher highs and lows on the daily chart, with the $100K level now acting as a support zone.</li><li>On the 4-hour chart, there is a possibility of a bearish rejection if the market fails to break above the ascending channel.</li><li>On-chain analysis shows a significant decrease in Bitcoin supply as the exchange reserve metric has been dropping rapidly.</li></ul>

Bitcoin Price Analysis: BTC Maintaining $100K Suggests Going After $110K and $120K Next

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