Bitcoin's price has surpassed the $100K level and is attempting to stay above it in order to reach a new all-time high. If it closes above this level, it is likely to trend higher and potentially reach $120K. The market has been consolidating inside a falling wedge pattern but has now broken the higher trendline, indicating a move towards the $108K all-time high. However, the RSI entering an overbought region may result in a short-term pullback before further continuation. Additionally, the decrease in BTC exchange reserve suggests a decrease in selling pressure and could lead to higher prices in the future.



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