The 20-day exponential moving average (EMA) is trending upward ($92,106) along with the relative strength index (RSI) being in the positive zone, indicating that the bulls are in control. If the price bounces from the midpoint between $95,000 and the 20-day EMA, the bulls may attempt once again to push the BTC/USDT pair to the $100,000 mark.
Conversely, if the price breaks down and closes below the 20-day EMA, it suggests that the rally above $95,000 may just be a "bull trap." This could lead the price to decrease towards the 50-day simple moving average (SMA) at $86,682.
