Bitcoin is attempting to rebound after a decline to $85,211, but weak bullish momentum and uncertain market sentiment are causing doubts about its recovery. Technical indicators show that there is still bearish dominance and the price remains below the 100-day SMA. The MACD line and signal line are also decreasing, indicating a potential decline in bullish momentum. If the bearish trend continues, it will be challenging for BTC to regain an upward trend. However, if buyers successfully defend the $85,211 support level, there could be a relief rally towards the resistance at $93,257, potentially leading to a stronger bullish push to $100,000. On the other hand, if BTC fails to gain momentum, it may drop below $85,211 and test lower support levels around $73,919 or $65,082.



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