It looks like Bitcoin is holding strong around the $85K mark, with the Fibonacci retracement levels suggesting it could see a rebound if it stays above this range. Given its recent intraday fluctuations, this price range seems to be acting as a key support level. If Bitcoin can maintain this level, we might see it push back toward previous highs or even test new levels.

The 21.7% dip from its all-time high could mean there’s still room for growth, especially if the broader market conditions favor bullish momentum. The $10.64 billion in 24-hour trading volume also indicates decent liquidity, which is positive for maintaining stability and preventing sharp price swings.

What do you think about the current market sentiment? Do you think we’ll see more upward movement from here?