Bitcoin recovers recent losses with a rally

The cryptocurrency Bitcoin has rebounded

after a sharp decline that hit the currency

and the broader cryptocurrency market recently.

The cryptocurrency has continued its upward trend, approaching

the $92,900 level, after

falling to as low as $80,528 in the previous period.

Technically, we expect to see a continuation of the upward trend,

especially after breaking through previous selling pressures and confirming the dominance of buyers,

despite the significant losses recorded by exchange-traded funds (ETFs) recently.

Currently, forecasts indicate a rise towards the $98,145 level,

to test important broken support levels there, which could push the currency

back down again if any reversal signals emerge.