Bitcoin price prediction

[madtrader]

BTC has pulled back to the moving averages, indicating that the bears are aggressively defending the $94,789 level.

BTC/USDT daily chart. Source: Cointelegraph/TradingView
Both moving averages are flattening out, and the relative strength index (RSI) is at the midpoint, indicating a balance between supply and demand. The advantage will tilt in favor of the bulls if they push the Bitcoin price above the $94,789 resistance. The BTC/USDT pair could then skyrocket to the psychological level of $100,000.

Instead, if the price skids below the moving averages, it signals that the pair may remain inside the $84,000 to $94,789 range for a few more days. Sellers will be back in the driver’s seat on a close below $84,000.

[bonk]

rsi dead center is basically the market saying “you decide first”