The Bitcoin price faced bearish pressure and dropped below key Fib levels, reaching a low of $81,500. However, buyers emerged and rebounded the price. Bitcoin's trading volume increased by 8.6% in the past 24 hours. The cryptocurrency market is volatile, with Bitcoin falling below $81.5K but quickly rebounding to $88K. There were significant long liquidations, and Bitcoin's open interest dropped. Despite this, buyers remain bullish, and the price is currently at $87,409, reflecting a 1.1% increase. In the short term, Bitcoin might aim for $95K and possibly recover to $100,000. Long-term predictions suggest a 35.22% increase to $112,726 by April 2025. However, technical indicators show a bearish sentiment, and the Fear & Greed Index indicates extreme fear. It is advised to be cautious due to the market volatility.



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