The price of Bitcoin has climbed back above $100K, but has yet to reach a new record high. However, based on its current price action, it is expected to do so soon. The daily and 4-hour charts show a rising trend and the potential for a new rally. If Bitcoin can hold above $100K, a new record high is imminent. Market participants have been concerned about whether the bull market is over, but there is still strong demand and investors have been withdrawing BTC from exchanges, indicating buying pressure and the potential for higher prices in the future.



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