Daily chart #BTC /USDT. BTC continues to trade in a narrow range from $115,000 to $120,000. The longer the price remains in a narrow range, the more significant a potential breakout could be. ▶️ The rising 20-day simple moving average ($118,313) and the relative strength index (RSI) in positive territory indicate that the path of least resistance is upward. If buyers push the price above $120,000, the BTC/USDT pair could gain momentum and reach a new all-time high above $123,218. In this case, the pair could rise to $135,000.

Conversely, a breakdown and close below $115,000 means that bears have gained the upper hand over bulls. This could lead to a price drop to $110,530. This is an important support level to watch, as a breakdown below it opens the way for a fall to $100,000.