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Bitcoin Technical Analysis and Price Forecast:
$BTC is retesting the upper trend line of symmetric Triangle. Now this trend line is working as a support price level. A pullback from this support and a day close above $94,250 will indicate that the Bitcoin can extend the pump towards $100,000.
Relative Strength Index RSI is at 60 higher then the level of neutral , indicating that the bulls remain in control of momentum. Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover and rising green histogram bars above the neutral level, further supporting the bullish outlook.