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On Thursday, Bitcoin underwent a slight push to the $87,000 threshold as the entire crypto market gained traction following key news and developments in the sector. After the brief surge, the flagship seems to be losing steam. BTC’s price may have dropped, but many analysts foresee a bullish reversal toward new heights.
Next Leg-Up For Bitcoin Eyes New Targets
Bitcoin’s price has started to decline again after experiencing a slight rebound. The asset faced strong resistance at the $87,000 mark, which caused it to retrace rapidly to the $83,000 support range.
Despite losing its upward momentum, Mags, a crypto analyst and trader has outlined indicators that point to a bullish upswing in the short term. Mags predicts BTC could be on the verge of a major rally, provided it maintains…
