Bitcoin is approaching its all-time high after a strong breakout above $100K. Price consolidation near the ATH level indicates a potential pause or exhaustion in the uptrend.
On the daily chart, BTC broke out of a descending channel and is trading above the 100-day and 200-day moving averages, signaling strong bullish momentum.
The 4-hour chart shows Bitcoin in a rising channel near $108K, with potential for a breakout to new highs or a support test at $104K.
Sentiment analysis reveals elevated funding rates favoring long positions, while declining exchange reserves support the bullish narrative. The next few days will determine if the rally continues or a deeper correction is needed.