Bitcoin (BTC) is currently priced at $86,499, reflecting a 2.73% increase over the past 24 hours. The daily trading range of $2,574 indicates heightened volatility, as the price reached a high of $86,640 and a low of $84,066 during this period.

The volume of $16,158,241,426 suggests active market participation, with a volume-to-market cap ratio of 0.94%. This level of trading volume supports the recent price movements and implies strong investor interest, particularly as the price has increased over the last three days.

Short-term moving averages show bullish trends, with the 8 SMA at $85,132.32 and the 13 SMA at $84,990.34, both reflecting positive momentum. The longer-term moving averages, including the 55 SMA at $84,350.57 and the 144 SMA at $84,120.16, also demonstrate upward trends, reinforcing the bullish outlook for Bitcoin.

The 1-hour RSI is at an elevated 83, indicating potential overbought conditions in the very short term. However, the 7-day RSI at 55 suggests that Bitcoin is not yet overbought in the medium term, and the price has risen 3.89% over the past week, indicating a healthier trend.

In terms of longer-term performance, Bitcoin's 30-day price change of -10.20% suggests some consolidation after a prior bullish run. However, the recent gains coupled with increasing investor engagement point towards a reversal of this short-term downtrend.

Considering the current price relative to the all-time high of $108,786, there remains significant upside potential. The combination of robust short-term bullish signals and moderate medium-term strength provides a favorable outlook.

Based on the analysis of price movements, technical indicators, and market dynamics, a Buy rating is recommended. The strong volume, favorable moving averages, and the potential for recovery from recent lows suggest that Bitcoin is positioned for further gains in the near term.