Bitcoin price prediction

[cryptoenthusiast]

BTC has been trading inside a narrow range from $86,400 to $90,600 for the past few days. Usually, such tight ranges are followed by a range expansion.

BTC/USDT daily chart. Source: Cointelegraph/TradingView
The flattening 20-day exponential moving average (EMA) ($88,500) and the relative strength index (RSI) near the midpoint suggest a balance between supply and demand.

If buyers drive the Bitcoin price above $90,600, the BTC/USDT pair could climb to $94,589. This is a critical level for the bears to defend, as a close above it opens the doors for a rally to $100,000 and later to $107,500.

The bears will gain the upper hand if the price turns down and plunges below $86,400. That increases the risk of a break below the $84,000 support.

[kevin1]

107k soon