#BTCRebound

Bitcoin experienced a notable rebound, climbing back above $84,000 after a recent dip to around $74,400. This upward movement suggests potential buying interest and a possible bullish reversal, supported by increased trading volume near the lows. Key support levels are forming between $82,000 and $83,000, which traders are watching for potential entry points.

However, short-term charts indicate weakening momentum with lower highs, suggesting the rebound might lack strong conviction. Resistance is anticipated around the $85,000 mark. Overall, the market presents mixed signals, with potential for further gains if support holds, but also the risk of retesting lower levels if bearish pressure persists.