#BTCRebound in full swing! 🚀 Bitcoin surges to $87,600, erasing losses from Trump’s tariff slump as the dollar weakens. Bullish vibes with analysts eyeing $90k+
Analysts suggest that Bitcoin's current trajectory could see it testing resistance levels between $90,000 and $95,000, contingent on sustained demand and easing selling pressure . However, some forecasts, like CoinCodex's projection of a 38% increase to over $116,000 by month's end, are viewed as overly optimistic given the short timeframe .
Technical indicators, including a bullish engulfing pattern on the weekly chart, support a positive outlook for Bitcoin in the near term . Nonetheless, the market remains sensitive to macroeconomic factors, particularly U.S. monetary policy and trade relations.
