On May 12, Bitcoin recovered from $100,718; this suggests that bulls are attempting to turn the psychologically significant $100,000 level into support.
The likelihood of a retest of the all-time high rises if the price stays above $100,000.
The $107,000 to $109,588 range has strong support, but if it is broken, the BTC/USDT pair may soar above $130,000.
A significant decline below the 20-day exponential moving average ($98,407) poses a risk to the upside since it can entice a number of short-term buyers to book profits. The pair can drop to the 50-day simple moving average ($89,952) as a result.
