BTC Bulls Eye the $100K Milestone — Bitcoin Price Forecast Update
Bitcoin surpassed its 200-day EMA at $85K earlier last week, rising 11.14% by Friday. Despite a strong momentum, it failed to break the March high of $95K and saw a slight decline over the weekend. Monday brought a slight rebound, testing $95K — but as of Tuesday, BTC is stabilizing just below this critical level.
A daily close above $95K could signal a new rally, aiming for $97K next, with a possible extension to the psychological barrier of $100K.
However, the RSI on the daily chart—rejected near 70 on Saturday and now at 67—suggests a weakening of the bullish momentum. Is this a pause before the next increase, or a sign of buyer exhaustion?
If BTC fails to hold above $95K, a pullback to $90K could be on the horizon.
With increasing institutional demand and corporate interest, all eyes are on the next move. Will $100K be conquered next?
