Bitcoin rebounded from a price of $100,718 on May 12, which means that buyers are trying to make the $100,000 level a strong support.

If the price stays above $100,000, there is a high possibility that we will see the highest price Bitcoin reached before.

There is strong resistance between $107,000 and $109,588, but if we surpass that, Bitcoin could soar to $130,000.

The risk that could occur is a sudden drop below the 20-day average, which is around $98,407, and this could lead people to sell and profit quickly.

If that happens, the price could drop to the 50-day average, which is around $89,952.

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