Today, Bitcoin is showing a modest recovery, stabilizing around $78,300 after a sharp weekend sell-off. While it has gained approximately 1.2% in the last 24 hours, the overall sentiment remains bearish due to persistent selling pressure and four consecutive months of red closes.
The Next Move
The market is currently in a "wait-and-see" phase. Analysts suggest the next move depends on whether BTC can reclaim the $80,000 psychological level.
Bullish Case: A breakout above $80,000 could spark a relief rally toward $86,000.
Bearish Case: Failure to hold current levels could lead to a retest of de