Bitcoin price prediction

[etfs]

BTC’s recovery has reached near the 20-day exponential moving average ($93,256), where the bulls are expected to face significant resistance from the bears.
BTC/USDT daily chart. Source: Cointelegraph/TradingView

If the price turns down sharply from the 20-day EMA, the bears will make one more attempt to tug the BTC/USDT pair below the $84,000 to $80,600 support zone. If they can pull it off, the Bitcoin price may slump to $73,777.

Instead, if bulls do not cede much ground to the bears from the 20-day EMA, it suggests that the buyers are holding on to their positions. That increases the likelihood of a break above the 20-day EMA. The pair could then soar toward the psychological level of $100,000.

[Nahid Hossen]

BTC structure remains bullish as long as major support holds firm.

[Abdul Khan]

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