$BTC -bulls tried to push the price above the moving averages on December 31, but the long wick on the candlestick shows strong selling pressure during relief rallies. 📉
With the 20-day exponential moving average ($96,278) sloping downward and the relative strength index (RSI) near 45, the bears have a slight edge. The BTC/USDT pair may retest the $90,000 to $85,000 support zone, which is likely to attract buyers. 🐻💰
which is expected to attract buying interest.
If the bulls can push the price above the moving averages, it would signal that the bears are losing control. The price could then rise toward $100,000, a crucial level to watch. 🚀 A break and close above $100,000 could lead to a retest of $108,353. 🔝
What do you think about the price development of Bitcoin in the coming days? Let me know in the comments. #Community #helpeachother #BinanceCommunity
