The Bitcoin price recently reached an all-time high above $109,000 but has since experienced a downside correction. It is currently consolidating above $101,000 and may be aiming for another increase. The price is trading below $104,500 and the 100 hourly Simple Moving Average, with immediate resistance near $104,000. A clear move above $104,500 could lead to further gains, with the next key resistance at $106,500. However, if the price fails to rise above $104,000, it may start a downside correction with support levels at $100,500 and $100,000. The MACD indicator shows a loss of bullish momentum, and the RSI is below the 50 level.



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