Bitcoin Reaches New All-Time High Near $88,000 – Fibonacci Support Holds Key

Bitcoin has surged past the $83,308 level, a crucial 0.786 Fibonacci retracement mark, and is now trading near its new all-time high of around $88,000. This move comes on the back of increasing DeFi adoption and growing interest from institutional investors, driving market confidence in this rally zone. Analysts cite specific upside targets of $88,000, $93,000, and $98,000. The current structure indicates sustained buyer presence above the support level, with short-term momentum driven by recent liquidity recovery and defined technical reaction points.