💥Bitcoin (BTC) shows no signs of slowing down as it crossed $93,000 yesterday. Let's analyze its price potential!
BTC Technical Analysis
👉Bitcoin is in a strong uptrend, pushing the relative strength index (RSI) into overbought territory, increasing the possibility of a correction or minor accumulation in the short term.
👉The nearest support is at $85,000. If the price drops below this level, short-term traders could book profits, leading to a correction towards the 20-day exponential moving average ($76,451).
👉The $93,554 level could act as resistance, but if the bulls manage to overcome it, the BTC/USDT pair could surge towards the psychological $100,000 level. If this level is broken, the next target would be $113,331.
