#BTCRebound

Bitcoin is currently trading at around $88,004, recording an increase of 4.05% over the past 24 hours.

Bullish breakout: Bitcoin has broken through the consolidation range that lasted for a week between $83,000 and $86,000, indicating strong bullish momentum.

30-day exponential moving average: The price has surpassed this average, reinforcing positive expectations.

Support and resistance levels:

Support: $84,303, $83,510, and $83,001.

Resistance: $85,604, $86,113, and $86,906.

Fear and greed index: The index shows a state of "fear," which could indicate potential buying opportunities for investors following a "contrarian" strategy.

Future outlook

According to CoinDesk analysis, Bitcoin is expected to target the range between $90,000 and $92,000, which was previously a strong support area.