Bitcoin price prediction

[nihalsari]

BTC has risen sharply from the $62,510 level on Tuesday, indicating that the bulls are vigorously defending the $60,000 level.

BTC/USDT daily chart. Source: Cointelegraph/TradingView
Buyers will attempt to thrust the Bitcoin price above the 20-day exponential moving average (EMA) ($69,375). If they succeed, the BTC/USDT pair may rally to the breakdown level of $74,508, where the bears are again expected to mount a strong defense.

Sellers will have to successfully defend the 20-day EMA if they want to retain the advantage. If the price turns down sharply from the 20-day EMA, the $60,000 support may be at risk of breaking down. If that happens, the pair may plummet to $52,500.

[ed]

"sellers will have to successfully defend" sounds like we’re reenacting a medieval siege instead of just losing money on an app

[tradelikepro]

$60,000 support "at risk of breaking down" is the same thing we heard last week, and the week before, and probably in 2021 too