#BTCRebound #BTCRebound At the time of writing this analysis, Bitcoin is trading at $87,463, holding above the important support at $86,822. The last time Bitcoin lost this level, the price dropped significantly. If the coin holds the mentioned support, it will have a chance to reach the next resistance level of $89,800.

The most important thing for BTC right now is to break the $90,000 mark. If successful, the growth will likely continue as investor confidence increases.

However, under bearish pressure, it will be difficult for the price to maintain support at the $86,822 level. A drop below this mark could lead to further declines — likely down to the next support at $85,204. If this level also fails, Bitcoin may drop to $82,503, which would negate a significant portion of recent gains.