Bitcoin (BTC) has experienced a rebound in price, reaching the $87,000 mark with a 24-hour surge of 4.25%. This recovery run signals a potential boost for Bitcoin. However, increased price fluctuations and uncertainty in the market, as well as changing global dynamics, warn of a potential downfall. Bitcoin's price is currently trading near the 200-day Exponential Moving Average (EMA) line, and the prevailing downfall suggests a potential bearish crossover between the 50- and 100-day EMA lines. A crypto analyst suggests that a bullish rebound is possible based on historical data and the negative profit-loss margin. The Bitcoin Sharpe ratio also indicates a potential buy-the-dip opportunity. Institutional outflow in U.S. Bitcoin spot ETFs continues, with Grayscale Bitcoin Trust being the only ETF with an inflow.



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