Bitcoin rises to $88,465 before facing sharp rejection, and is now hovering around $87,121 (+3.12%). The recent increase shows strong interest from buyers, but volatility remains high as the price swings near a major resistance.
Quick overview:
Highest price in 24 hours: $88,465.99
Lowest price in 24 hours: $84,454.76
Trading volume in 24 hours: 29,011 BTC
USDT volume: $2.53B
Technical analysis:
A massive green candle shows buyer momentum
The short-term bounce is likely to be for profit-taking
Support area: $86,500 must hold for bulls to remain in control.
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