$BTC #MarketRebound Bitcoin's current price is $86,771.60, with a 2.56% increase in the last 24 hours. Here's today's analysis ¹:

*Key Indicators:*

- *Relative Strength Index (RSI):* 53.619, indicating a neutral market outlook

- *Moving Average Convergence Divergence (MACD):* 70.800, hinting at a potential bullish rally

- *Average Directional Index (ADX):* 32.691, suggesting a strong trend

*Price Movement:*

- Bitcoin is consolidating between $83,000 and $86,000, with a potential upward movement expected if it breaks above the resistance level between $87,478 and $88,799

- A falling wedge pattern and confirmed breakout above its upper boundary could lead to a rally toward $100,000

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*Support and Resistance Levels:*

- *Support Level:* $83,000 - a break below this level could lead to a higher low scenario

- *Resistance Level:* $87,478 - $88,799 - a break above this level could lead to a bullish rally

*Market Sentiment:*

- Bitcoin's weekly chart is strong, with the risk of not being invested higher than the risk of being invested

- Analysts predict a potential upward movement, with some expecting Bitcoin to reach $94,000 or even $100,000

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