$BNB
Bitcoin price prediction
Bitcoin bulls are struggling to propel the price above the $105,000 overhead resistance, but a positive sign is that the $100,000 support has held.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day exponential moving average ($99,416) and the relative strength index (RSI) in the overbought zone signal that bulls remain in control. If the price closes above $105,000, the BTC/USDT pair is likely to break above the $109,588 resistance. If that happens, the pair could surge to $130,000.
Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the price below the 20-day EMA. If they do that, the pair could plunge to the 50-day simple moving average ($90,628).