Bitcoin's price is currently consolidating around the $100K level and has not been able to break out on either side. However, there is potential for a rally to begin soon as the cryptocurrency has rebounded from the $100K support level. The RSI indicator suggests that market momentum is still bullish. The 4-hour chart shows a bullish continuation pattern, indicating a potential breakout towards the $108K resistance level and possibly even higher towards the $115K mark. Additionally, the decline in Bitcoin supply held in exchanges since early 2021 has contributed to the current bullish wave and may continue to push the price higher in the coming months.



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