$BTC After a period of sideways trading, Bitcoin experienced a significant upward movement, reaching a key resistance at the 200-day SMA, located at $88,238. The moving averages are about to form a bullish crossover, and the RSI has entered positive territory, suggesting an advantage for buyers. A break above the 200-day SMA would indicate that the BTC/USDT pair may have found a short-term bottom, with potential to reach $95,000 and subsequently the psychological level of $100,000. The 20-day EMA ($84,176) is likely to act as solid support in the event of a pullback, while a break and close below this level would signal the return of sellers, with a possible decline to $78,500.
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