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Bitcoin Price Analysis: Is This the Final Pullback Before a New All-Time High?

  • 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.

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