$BTC
Bitcoin (BTC) is exhibiting a bullish trend, currently trading around $87,600. This marks a significant recovery from its March low of $78,000, driven by renewed investor confidence and easing macroeconomic concerns .  
Technical indicators support this upward momentum. The 50-day and 200-day Simple Moving Averages (SMAs) are signaling a bullish crossover, while the Relative Strength Index (RSI) remains in a neutral zone, suggesting potential for further gains . Analysts anticipate that if BTC maintains its current trajectory, it could test resistance levels around $90,000 to $95,000 in the near term .   
However, caution is advised. Market sentiment, while improving, is still susceptible to external factors such as geopolitical tensions and regulatory developments. A failure to sustain the current support level around $84,000 could lead to a retest of lower support zones . 
In summary, BTC/USDT is showing promising signs of recovery, but traders should remain vigilant and monitor key support and resistance levels to navigate potential volatility.
