Bitcoin Bulls Rebound to New Highs, But Can They Sustain?

Bitcoin has experienced a notable surge in buying activity near the crucial $80,000 support level, triggering a sharp rebound and pushing prices past the $90,000 mark. Despite this short-term rally, the broader market trend remains bearish, with the current momentum seen as a temporary pullback unless Bitcoin reclaims and consolidates above the $100,000 threshold. Technical analysis suggests both challenges and opportunities lie ahead.