Bitcoin's Value Assessment: Could This Be the Last Setback Prior to Surpassing Previous Peak?

Bitcoin is once again nearing its peak price following a strong continuation from its recent surge. After surpassing $100K, the price is currently consolidating just below the all-time high (ATH), suggesting a pause for potential further increase or a possible slowdown as funding and sentiment intensify.

On the daily timeframe, Bitcoin has cleanly exited the descending channel, now pressing into the $108K ATH resistance zone and trading confidently above both the 100-day and 200-day moving averages, indicating significant macro bullishness. Sentiment analysis reveals high funding rates across exchanges, suggesting a market heavily leaning towards longs.

As Bitcoin pushes towards resistance amid bullish sentiment and a supply-constrained environment, the coming days will be pivotal in determining whether this rally has further to go or requires a deeper reset.