The cryptocurrency market has bounced back with a valuation of $2.7 trillion, and Bitcoin has risen above the $83,000 mark with a 1.45% increase in the last 24 hours. There is speculation that this short-term recovery, along with a recent 6% jump, may drive Bitcoin back to the $90,000 mark. The BTC price range is currently testing support levels and showing potential for a positive crossover in the MACD and signal lines. However, there is the possibility of a negative crossover between the 50 and 100-day EMA lines. Analyst Ali Martinez predicts a breakout rally with an 8% recovery and highlights resistance levels between $84,200 and $86,750. On-chain data shows key support levels at $79,270 and $69,450. Despite the recovery, U.S. Bitcoin spot ETFs have seen net outflows for seven consecutive days, led by BlackRock and Fidelity. Overall, the short-term recovery suggests a potential bullish continuation towards the $90,000 mark, while crucial support remains near $76,700.



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