Bitcoin Eyes $87,000 Target as Weekly Golden Cross Signals Bullish Reversal

Bitcoin is currently consolidating within a high-volume trading zone between $60,000 and $72,000, demonstrating significant market resilience. Analysts have identified a pivotal Stochastic Golden Cross on the weekly chart, emerging after weeks of sustained bearish pressure. The cryptocurrency is successfully defending a critical liquidity shelf between $65,000 and $67,000, which strengthens the case for a bullish trend continuation. If price action remains stable above these support levels, market experts project a potential rally toward the $87,000 mark. This technical indicator is widely regarded as a precursor to sustained long-term upward momentum in the digital asset space. Consequently, the shift suggests a transition from bearish sentiment to a more optimistic outlook for institutional and retail investors alike.