Bitcoin has reached an all-time high of $97,900 and is now aiming for $100,000 with support from Fibonacci levels and on-chain metrics. The crypto market has surpassed a valuation of $3.15 trillion. The recent bullish sentiment and surge in Bitcoin's price indicate the potential for a parabolic bull run. The breakout of a bearish channel pattern has propelled Bitcoin's bull run, surpassing the 50% Fibonacci level and heading towards the 78.6% level, slightly exceeding the $100,000 target. Reaching this milestone could act as a catalyst for further gains, with a next target projected at $112,597. Positive crossovers and increasing bullish histograms in the MACD indicator, as well as the upward movement of EMAs, indicate a highly bullish sentiment. The Bitcoin market value-to-realized value ratio suggests further growth is possible, with the MVRV ratio expected to exceed the 3.00 threshold in the future.



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