$BTC

Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move.

Bitcoin’s

BTC

$103,819

volatility increased on Friday, but the price remains stuck inside the large $100,000 to $111,980 range. Market participants are divided on Bitcoin’s next breakout. In a poll, crypto analyst Matthew Hyland asked whether Bitcoin would go to $94,000 or $114,000 and the results were nearly split evenly.

The social media comments on Bitcoin are also divided equally. According to crypto research platform Santiment, for every bearish comment on Bitcoin, there were just 1.03 bullish comments. The firm’s social media analysis found that Bitcoin’s sentiment from retail was the most bearish since the initial tariff reaction on April 6.

Santiment marketing director Brian Quinlivan said in a report that the retail fear was a promising sign as markets “historically move in the opposite direction of retail’s expectations.”

Bitcoin price prediction

Bitcoin rebounded off the 50-day simple moving average ($104,634) on Friday and rose above the 20-day exponential moving average ($105,590). However, the bulls could not sustain the higher levels as seen from the long wick on the candlestick.

The bears will try to seize control by sustaining the price below the 50-day SMA. If they manage to do that, the BTC/USDT pair could drop to the psychologically crucial level of $100,000. Buyers are expected to aggressively defend the $100,000 level because failing to do so may start a deeper correction toward $93,000.

On the upside, the bulls will have to maintain the price above the 20-day EMA to signal strength. The pair could then climb to the downtrend line. Sellers are expected to pose a solid challenge between the downtrend line and the all-time high of $111,980.