Bitcoin is showing signs of recovery, with analysts predicting a rise to six figures as it climbs above $92,000 after dropping to $84,500. Michaël van de Poppe believes breaking $92,000 is crucial for a new all-time high and a test at $100,000.

Bitcoin reached a 24-hour peak of $93,040 on Coinbase, recovering losses from a recent leverage flush. Analysts highlight the $86,000 to $88,000 level as a key support zone that must be maintained to determine the next market direction and avoid lower prices. Currently trading at just over $92,700.

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– Bitcoin reaches new all-time high of $60,000, driven by institutional interest and positive sentiment among retail investors.

– Ethereum’s price surges to over $2,000 for the first time, as the cryptocurrency market experiences a widespread rally.

– Tesla announces it will accept Bitcoin as a form of payment for its vehicles, further legitimizing the digital currency.

– NFT sales hit record highs, with total sales volume surpassing $400 million in the past month alone.

– Federal Reserve Chair Jerome Powell expresses concerns about the risks associated with cryptocurrencies, citing volatility and potential for illicit activities.: Bitcoin Rebounds Above $92K As Analysts Eye Six Figures