$BTC Bitcoin price continues to consolidate at $100K, but a rally could start soon! 📈

On the daily chart, BTC is stuck between $108K and $100K. A new bounce from the $100K support level indicates an increase towards the $108K resistance. The RSI is above 50%, indicating that the market momentum is still bullish.

On the 4-hour chart, the price is seen consolidating in a bullish flag formation. A break above this formation could trigger a rally towards $108K and perhaps $115K.

On-chain analysis shows that BTC reserves on exchanges are decreasing. This suggests that investors are moving their BTC from exchanges to their personal wallets, and this supply shortage is pushing the price upwards. 🚀