
Crypto price today: Bitcoin rebounds to $88k before cooling off; Altcoins show mixed trends
Bitcoin (BTC) staged a strong recovery on Tuesday, briefly hitting a high of $88,758 before pulling back. The rebound followed US President Donald Trump’s comments hinting at potential tariff exemptions, easing market concerns.
Market sentiment also improved after MicroStrategy’s $584 million Bitcoin purchase, reinforcing institutional confidence. «Bitcoin briefly reclaimed $88,000 following MicroStrategy’s purchase, signaling renewed institutional interest and ETF inflows. The asset remains strong above the $86,000 support level, while Trump Media has partnered with Crypto.com to launch ETFs featuring digital assets and securities,» said Vikram Subburaj, CEO of Giottus.
Sathvik Vishwanath, Co-Founder & CEO of Unocoin, noted, «This rebound suggests a bullish reversal with a potential higher low formation. Despite fading volume on upward moves, accumulation candles indicate ongoing buying interest.»
«A breakout above $88,000 could signal a continued rise, while a drop below $82,000 may trigger selling pressure. Short-term charts highlight an uptrend, with strong support around $85,000 to $85,500. A break below $83,500 would invalidate the bullish setup, while a brief correction offers scalping opportunities near $86,500 to
Read on economictimes.indiatimes.com