#BTCRebundsBack

As of March 2, 2025, Bitcoin (BTC) is trading at approximately $85,697.

Short-Term Technical Analysis:

Resistance Levels: Immediate resistance is around $86,600. A successful break above this could lead BTC to target the $87,200–$88,400 range. The next significant resistance is at $90,250, which aligns with the extreme high point for an hourly-level pullback.

Support Levels: The recent decline below $80,000 has brought attention to the $70,000 support level as the next critical point to watch.

Daily and Weekly Trends: On daily and weekly charts, BTC is undergoing a 3-day line adjustment cycle. After completing 1-day and 2-day adjustments, there's an indication of weakened downward momentum, suggesting that $78,200 may serve as a short-term bottom. For a daily-level pullback, extreme high points are projected around $92,800 and $96,335, contingent upon a sustained rebound above $90,250.

Analyst Perspectives: Some analysts maintain a bullish outlook, asserting that surpassing the $90,000 mark could pave the way toward $96,000. However, they caution about substantial resistance at these levels.

Long-Term Considerations:

Potential Downside: If BTC falls below $78,200, it could test the $74,666–$73,300 range. A decisive break below $73,000 without a swift recovery might signal entry into a broader fluctuation range between $68,800 and $50,000, indicating a deeper bear market phase.

Strategic Opportunities: Analysts suggest that if BTC reaches the $74,666–$73,300 range, it may present a strategic buying opportunity, as this could represent the tail end of the weekly adjustment cycle.

Recent Market Dynamics:

February Selloff: February 2025 witnessed a significant selloff, with Bitcoin's value dropping over 5% to $78,858, marking a 27% decline from its January high of $109,225. This downturn is attributed to concerns over U.S. President Trump's tariff policies and broader economic uncertainties.

ETF Outflows: Bitcoin ETFs experienced record outflows, with $3.3 billion withdrawn, amplifying the recent price decline. Analysts