Bitcoin is currently trading around $87,000, showing a 2% gain in the last 24 hours as investors assess whether it has reached a local bottom.

The cryptocurrency experienced a significant drop from its all-time high of $126,210, with a 33% decline leading to over $1.2 trillion lost in the crypto market.
Analysts indicate that Bitcoin faces immediate resistance at $88,150 and $89,500, while critical support levels are at $85,000 and below.
Market predictions for Bitcoin's near-term price vary widely, with estimates ranging from $88,244 to $98,000 for November, depending on buying pressure and ETF inflows. $BTC ‌