$BTC BTC (Four Hours)

Analysis:

The price of Bitcoin is rising within an upward channel, bouncing off its support line. It reached $100,500 before briefly breaking below it, indicating strength in the upward trend. Spikes in trading volumes suggest active trading, indicating that the upward momentum has not faded yet.

Price Targets:

If the upward trend continues, watch for a breakout above $110,500. If it gains momentum, the next target could be around $111,000. Monitor the support level near $100,500 in anticipation of any pullbacks.