@Nirav_Finance $BTC Technical Analysis
Bitcoin has been trading within a narrow range of $86,400 to $90,600 for the past few days. Typically, such periods of tight consolidation lead to a strong breakout.
The 20-day EMA is moving sideways around $88,500, and the RSI is fluctuating near its average, indicating that supply and demand are in balance.
If the bulls push the price above $90,600, the BTC/USDT pair could rise to $94,589. This is a crucial resistance level that the bears need to defend, because if the price closes above this level, Bitcoin could advance to $100,000 and even further to $107,500.
Conversely, the bears will gain the upper hand if the price reverses and breaks through the $86,400 mark, increasing the risk of breaking the $84,000 support zone.
$BTC #BTC #Nirav_Finance #CPIWatch