*Will Bitcoin Price Hit $100k In Next 24 Hours?*❓❓❓
With a monthly gain of 44.38%, the largest cryptocurrency by market capitalization has achieved a new high by surpassing the $1.9 Trillion mark. Notably, with a trading price of $97,577.28, it is presently valued at $1.915 Trillion.
The EMA 50/200-day continues displaying an upward trend in the daily time frame. This suggests a bullish outlook for the BTC price in the upcoming time.
Further, the Relative Strength Index (RSI) continues hovering above the overbought range with its average trendline experiencing a similar trend action. This indicates a significant increase in the buying pressure for Bitcoin in the market.
How High Will The BTC Price Go?
Maintaining its bullish sentiment could push the Bitcoin price toward its target price of $100k this weekend. Furthermore, if the bullish sentiment sustains, this could result in the market leader heading toward its upper high of $110,000 this month.
On the contrary, if a bearish trend reversal occurs, the BTC price will retest its $90,000 range. Moreover, if the bearish sentiment intensifies, this could pull the price toward its lower support level of $80,000.