$SUI
Bitcoin Price Prediction.
The slight pullback of BTC suggests that the bulls are in no hurry to take profits, as they anticipate that the upward trend will continue.
The upward-sloping 20-day exponential moving average ($113,984) and the relative strength index (RSI) in positive territory indicate an advantage for buyers. If the bulls push the price above $123,218, the BTC/USDT pair could resume its upward trend. The pair could rise to $135,729 and then to the pattern target of $150,000.
Time is running out for the bears. They will need to quickly push the price below the support of $110,530 to get back in the game. This could tempt short-term traders to take profits, bringing the price down to $100,000.
The price has fallen below the 50-day simple moving average, indicating that the bulls are losing control. The pair could drop to $115,000, which is a crucial level that the bulls must defend. If they fail to do so, the pair could challenge the area between the neck of the inverted head and shoulders pattern and the support of $110,530.
If the price rises from the support zone, the bulls will attempt again to push the pair above $123,218. If they succeed, the pair could rise to $130,000 and then to $135,729.
