$BTC Price Prediction & Analysis

BTC continues to trade inside a tight range between $115,000 and $120,000. The longer the price stays inside a narrow range, the larger the eventual breakout from it.

The upsloping 20-day simple moving average ($118,313) and the relative strength index (RSI) in the positive territory indicate that the path of least resistance is to the upside. If buyers drive the price above $120,000, the BTC/USDT pair could pick up momentum and surge to a new all-time high above $123,218. The pair may then ascend to $135,000.

Conversely, a break and close below $115,000 suggests the bears have overpowered the bulls.

That could sink the price to $110,530. This is a vital support to keep an eye on because a break below it opens the gates for a drop to $105,000 to $100,000.

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