Bitcoin is experiencing a rebound, with its price surging to reclaim lost ground and reignite investor optimism. The cryptocurrency's value has increased by 3.44% in a single day, trading at around $87,297.50. Market analysts attribute the bounce back to increased adoption, improved sentiment and technical indicators suggesting a bottoming-out. Key overhead price levels to watch include $68,500, $72,000 and $97,000, while $60,600 serves as a crucial support area during potential retracements. The Fear and Greed Index indicates extreme greed, and the Relative Strength Index (RSI) stands at 70.90, signaling potential overbuying ¹ ² ³.
