Will Bitcoin Reclaim the $100K Mark Today?
โจThe bulls will attempt to strengthen their position by pushing the price above the strong resistance level at $100,000. If successful, the BTC/USDT pair could surge to an all-time high of $108,353. The bears are expected to defend this level aggressively, but if the bulls manage to push the price further, the pair could climb to $126,706.
โจOn the other hand, if the price drops sharply from $100,000 and breaks below the moving averages, it will signal a short-term accumulation phase. The pair might fluctuate within the range of $90,000 to $100,000 over the next few days.
โจOn the 4-hour chart, the 20-period exponential moving average (EMA) is trending upward, and the relative strength index (RSI) is near 62, indicating that the bulls are in control. The price has rebounded from the 20 EMA, and the bulls will continue their efforts to break through the resistance at $100,000. If successful, the pair could rise to $102,800 and then to $105,350.
#BitcoinHashRateSurge