#BTC

The 20-day exponential moving average ($85,773) has started to turn up, and the relative strength index (RSI) is near the overbought zone, suggesting that the path of least resistance is to the upside. If buyers do not cede much ground to the bears, it enhances the prospects of a rally above $95,000. The

BTCUSDT

pair may then skyrocket to $100,000 and subsequently to $107,000.

This positive view will be invalidated in the near term if the price turns down sharply from $95,000 and plunges below the moving averages.