Bitcoin Recovers Slightly After the Plunge, Will the Bullish Trend Return?

After several months of deep decline, Bitcoin is currently showing signs of recovery but has not yet been able to surpass the important psychological threshold of 90,000 USD. The largest cryptocurrency in the world once peaked above 100,000 USD, but then was pulled down below 80,000 USD by strong selling forces. Nevertheless, recently, Bitcoin has recovered and is currently fluctuating around the 83,000 USD mark, leading many investors to wonder whether the bullish phase has truly ended or not. According to market analyst RLinda on TradingView, Bitcoin is showing positive signs of recovery, although the main downtrend has not yet been broken. To confirm a real breakout, BTC needs to surpass some key technical levels. Key resistance level: $86.190 Bitcoin has regained strength after surpassing the 80,000 USD threshold. Expert RLinda believes that this recovery stems from the growth of the stock market index in the US, along with expectations that the Federal Reserve (Fed) will lower interest rates amid the ongoing tensions in the US-China trade war, causing significant fluctuations in the financial markets, including the cryptocurrency market. Currently, Bitcoin is approaching the strong resistance area at 86,190 USD – a level that according to RLinda, if successfully conquered, could mark the end of the bearish trend and open up a new bullish phase. If it surpasses this threshold, the next target for BTC will be 88,800 USD – an important resistance area before considering a return to the 90,000 USD mark. The risk of a fall in price still remains. Although the positive outlook is being rekindled, if Bitcoin fails to break out of $86,190, the downtrend could continue. According to RLinda, the current first support zone is at $83,170. If this level is penetrated, Bitcoin could fall to the next important support zone of $78,170 — lower than the $80,000 mark and could pull the price back to March 2025 levels. RLinda also warned that "regarding the level of 88,800 USD, we need to carefully observe the price reaction. A strong and fast bullish move to test the main resistance level could lead to a false breakout and then a fall." Conclusion Currently, Bitcoin is at a decisive moment. Whether it breaks through or fails at important resistance levels will determine the next trend of this cryptocurrency. Investors need to be cautious and closely monitor key price areas such as 86,190 USD and 88,800 USD to assess a reasonable investment strategy in the upcoming period.