$BTC

Bitcoin (BTC) is currently trading at $100,188 USD, with a 24-hour trading volume of $46.49 billion. In the past 24 hours, BTC has seen a slight increase of 0.26%.

Technical Analysis:

* Medium-term: BTC has broken through a rising trend, indicating a stronger upward trajectory. The price has risen significantly since breaking the resistance at $67,241, reaching the objective at $84,547. With no immediate resistance visible, further price increases are expected. However, a potential support level exists around $70,000.

* Long-term: BTC remains within a rising trend channel, suggesting continued bullish momentum.

On-chain Data:

* A recent correction saw BTC dip to $90,791 before recovering to $97,000.

* On-chain data suggests a modest rebound in institutional demand, with holders buying the dip.

* Some analysts believe BTC is undervalued, projecting a potential rally towards $146,000.