$BTC
BTC Bulls Target $100K — Bitcoin Price Forecast Update
Bitcoin jumped above its 200-day EMA at $85K last week and gained 11.14% by Friday. But even with strong momentum, it couldn’t break the March high of $95K and dropped slightly over the weekend. On Monday, BTC bounced back and tested $95K again, but as of Tuesday, it’s sitting just below that level.
If Bitcoin can close above $95K, it may start a new rally, aiming for $97K — and possibly even the key $100K mark.
However, the RSI (a momentum indicator) hit 70 on Saturday and was rejected, now sitting at 67. This shows that buying power might be weakening. So, is this just a short break before another move up, or are buyers getting tired?
If Bitcoin can’t stay above $95K, it could pull back to $90K.
With more big investors and companies showing interest, everyone is watching closely. Will Bitcoin reach $100K next?