Bitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average ($105,347).
Buyers will gain the upper hand if they push and sustain the price above $106,800. That clears the path for a rally to the $109,588 to $111,980 overhead resistance zone. Sellers are expected to defend the zone with all their might because a break above it could launch the BTC/USDT pair toward $130,000.
The bears will have to achieve a close below the $103,000 support to prevent an upside. The pair could then plunge to the vital support at $100,000.
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