Bitcoin is seeing a cautious rebound, up 0.78% to $87,230. While the move was muted, it delivered a few positive signals.
The RSI has exited oversold territory, inviting some short-term buying. However, the MACD remains bearish and key resistance is still ahead.
On the institutional side, the SEC’s streamlined ETF approval process is a structural positive-laying groundwork for future inflows rather than a short-term pump. The market also reacted calmly to recent regulatory news, treating it as isolated.
What’s next? Holding $85k is crucial. A clear break above $89.3k could signal a momentum shift. In the coming weeks, ETF progress and macro trends will likely steer the move.
The market isn’t rushing, but the setup for the next leg is quietly forming.
BTC
87,071.39
+0.89%
