#BTCRebundsBack $BTC

As of February 28, 2025, Bitcoin (BTC) is experiencing a significant downturn, trading at $83,546, a 2.26% decrease from the previous close. The intraday high reached $85,514, while the low dipped to $78,240.

This decline marks Bitcoin's lowest point since November 2024 and positions it for its most substantial weekly loss in over two years. The downturn is attributed to a combination of factors, including a $1.5 billion security breach and uncertainties surrounding U.S. cryptocurrency regulations.

Despite the current bearish trend, some analysts anticipate a potential rebound. Oversold indicators suggest that Bitcoin may be poised for a correction, with projections estimating a rise to $170,000 in the coming weeks.

Investors are advised to monitor market developments closely, as the cryptocurrency landscape remains volatile and subject to rapid changes.