Bitcoin Breaks $87K Resistance; Bullish Sentiment Holds Despite Consolidation

Recent data reveals Bitcoin has successfully bounced back above the crucial $80K level, showcasing renewed buyer interest despite a period of consolidation. Notably, the 200-day moving average currently serves as significant resistance, suggesting a likely short-term range within the $75K–$87K area. However, technical analysis points to potential breakout opportunities. Technical indicators like the RSI show a slowdown in bearish momentum and highlight bullish divergence, offering hope for further price growth.