Bitcoin has rebounded from the 0.786 Fibonacci retracement level at $83,308, climbing above $86,500 and marking a 5–6% recovery. This movement aligns with technical projections, as noted by analyst Crypto Patel, who highlights $88,000, $93,000, and $98,000 as key upside targets. The cryptocurrency maintains a bullish structure, with traders closely watching liquidity pockets and potential resistance levels.