The price of Bitcoin has been consolidating below the $100K level for several months and has yet to make a significant move. However, there are signs that this could change soon. The daily timeframe shows choppy price action, with Bitcoin trading between the $100K and $92K levels. A breakout from this range could lead to a new all-time high or a deeper correction. The RSI indicates bearish momentum, suggesting that there may be a brief drop below $90K before a move higher. The 4-hour chart shows a descending channel pattern, which could result in a rebound and a rally above $100K. It should be noted that if the bullish pattern is broken, it could increase bearish momentum. The behavior of whales, large investors in the Bitcoin market, is also being monitored. The exchange whale ratio, which measures the ratio of large deposits to total exchange inflows, can indicate whale selling pressure. While the whale ratio has been rising, Bitcoin has remained strong, suggesting more sustainable trends and stability for the cryptocurrency.



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