Bitcoin has bounced back to $92,170, gaining 5.7% in the past 24 hours, but market sentiment remains fragile. The Crypto Fear & Greed Index sits at 25, deep in "Extreme Fear," highlighting ongoing investor caution despite the rally.
Analysts remain split. Michaël van de Poppe sees $91,500 as a key resistance level that could push Bitcoin to new highs if broken. Others remain skeptical, waiting for regulatory developments from the upcoming U.S. Crypto Summit on March 7, which could influence Bitcoin’s short-term outlook.
This recovery follows a volatile stretch where Bitcoin dipped below $80,000 amid geopolitical and economic uncertainty. While sentiment remains weak, the price action suggests traders are still actively engaged. With key resistance levels in play and broader market factors at work, Bitcoin’s next move is far from certain, keeping investors on edge. Show Less