$BTC Bitcoin's current price is around $87,282.53, with a 0.07% increase in the last 24 hours The market capitalization stands at $1.73 trillion, with a 24-hour trading volume of $29.78 billion.

Looking at the bigger picture, Bitcoin's price has risen by 4.76% over the last week, but its month performance shows a -8.95% decrease . As for the last year, Bitcoin has increased by 25.55%.

Some analysts predict a potential bullish reversal, with a possible move towards $90,000 . However, others suggest that sellers are positioning to take profit in the $88,000 to $90,000 zone, which could lead to a sell pressure

It's also worth noting that BlackRock acquired 4,054 Bitcoin in the past week, raising its total to 573,878 Bitcoin worth over $50 billion Additionally, the Hash Ribbon tool issued its first buy signal in eight months, hinting at a potential long-term price reversal as Bitcoin miners recover from capitulation