Will the price of Bitcoin $BTC exceed $100,000 before May?

Recently, Bitcoin broke the $90,000 barrier for the first time since early March.

Its EMA lines support the bullish narrative, as all short-term moving averages are above long-term averages and widely diverged - often a sign of a strong upward trend.

The price of Bitcoin could challenge key resistance levels at $96,484 and $99,472 if this momentum continues. A break above these levels could open the door for the price to exceed the psychological barrier of $100,000, with the next main target near $102,694 - the highest level since early February.

However, there is still room for caution. It may lose its foothold in the short term if Bitcoin retests and fails to hold the support level at $92,920.

In this case, the price may slide towards $88,839, and if a downward trend forms, further losses down to $86,533 become more likely.