Bitcoin price prediction
Bitcoin’s break above $95,000 signals an advantage to buyers, but the bears are unlikely to give up easily.
Sellers will try to pull the price back below $95,000, trapping the aggressive bulls. If they can pull it off, the BTC/USDT pair could test the 20-day exponential moving average ($91,391). This is a necessary support to watch out for as a solid bounce off the 20-day EMA suggests the bullish sentiment remains intact. That increases the likelihood of a break above $100,000. The pair may then reach $107,000.
This optimistic view will be invalidated in the short term if the price turns down and breaks below the 20-day EMA. The pair may then tumble to the 50-day simple moving average ($86,236).