🚨🚀🧨Optimistic and Pessimistic Real Analysis of Bitcoin Price 🚀📈
Optimistic Perspective:
Bitcoin showed a recovery from its 20-day exponential moving average (located at $93,091) on May 6, suggesting that the overall sentiment remains bullish and investors are taking advantage of dips to acquire more.
Although there is a small barrier at $97,895, if the price manages to overcome it, we could see an attempt to reach the significant psychological mark of $100,000. It is anticipated that sellers will strongly defend this level, but if Bitcoin breaks through, it could gain momentum to rise to $107,000.
Warning for Pessimists:
Time is running out for those who expect a downturn. For their vision to materialize, they will need to make the price fall and stay below that 20-day moving average. If they succeed, the price could retreat towards the 50-day simple moving average, located at $87,441.
In Conclusion:
For now, the situation points to Bitcoin attempting to surpass the $100,000 zone. However, for the trend to shift to bearish, it is crucial that the price breaks and stays below the 20-day moving average.
Remember that this is just a technical analysis and the cryptocurrency market can be very unpredictable. It is necessary to closely monitor how the price evolves and consider other fundamental factors!
