Bitcoin (BTC) has witnessed a significant rebound from its four-month low, surging to $85,000, marking a 4.7% increase in the past 24 hours. This rise comes amid global market stabilization and improved investor sentiment toward risk assets.
However, questions remain about the sustainability of this rally, as some analysts warn of a potential drop to $73,000 if Bitcoin fails to break through key resistance levels. Technical indicators suggest that selling pressure persists, keeping the market in a critical phase that requires caution and risk management.
Given this volatility, it is crucial for investors to stay informed about market developments. This rebound could either be a temporary relief before another correction or the beginning of a strong bullish phase.
