$BTC News:

After hitting an all-time high of $109,000 in January, Bitcoin has experienced a 23% correction, currently trading around $84,759.

Analysts are eyeing the $87,500 resistance level; a breakout above this could signal a bullish trend, potentially pushing BTC towards the $90,000 mark.

However, the Bull Score Index, which measures market health, is at a two-year low of 20, suggesting caution.

Betting markets show 61% odds of Bitcoin reaching $110,000 in 2025, but expectations beyond that are tempered, with only 14% anticipating a surge to $200,000.

Some experts, like Cathie Wood of ARK Investment Management, remain optimistic, predicting Bitcoin could rise to $1.5 million, emphasizing the importance of institutional adoption.

In summary, Bitcoin's recent price action presents both opportunities and risks. Keep an eye on key resistance levels and market indicators to navigate the current landscape.