In accordance with The Crypto Basic, Bitcoin is currently testing key resistance levels after breaking the 20-day SMA, with analysts suggesting potential upside momentum. The price is trading at $91,747, up 2.7% in the last 24 hours, and is approaching the $92,244 resistance level. On the 4-hour chart, Bitcoin is moving within a range between $88,282 support and $92,244 resistance, with the RSI at 57.49 indicating room for further gains. Analyst Captain Faibik notes Bitcoin is in a broadening wedge pattern, with a potential breakout to $125,000 if the upper trend line is breached.
Bitcoin Price Analysis: Can BTC Reach $125K After Breaking 20-Day SMA?
TheCryptoBasicShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.