Bitcoin (BTC) rose to $94,000 but was rejected. This is the third time the BTC price has retested the resistance at $94,000.
BTC price long-term prediction: bullish Technical indicatorsKey supply zones: $120,000, $125,000, $130,000
Key demand zones: $100,000, $95,000, $90,000
Bitcoin price indicators analysisBitcoin's price has broken above the horizontal 21-day and 50-day moving average lines. Bitcoin has the potential to rise while trading above these moving average lines. Currently, the price is stalled at the $94,000 high. On the 4-hour chart, the 21-day and 50-day SMAs are sloping upwards, indicating a bullish trend.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
