#BitcoinBounceBack Bitcoin has indeed bounced back, reaching a valuation of $2.7 trillion and surpassing the $83,000 mark with a 1.45% 24-hour rise ¹. This rebound comes after a significant drop, with Bitcoin's price extending its losses on March 10, falling below $82,000 ².

Several factors suggest that Bitcoin might continue its upward momentum. Whale accumulation, for instance, has been on the rise, with wallets holding 10 or more BTC adding nearly 5,000 BTC since March 3 ². This shift in sentiment could potentially drive Bitcoin's price higher.

However, it's essential to note that Bitcoin's price is still vulnerable to macroeconomic uncertainties and geopolitical tensions. The Fear & Greed Index has dropped to 20, signaling extreme fear in the market ².

Looking ahead, some analysts predict that Bitcoin might retest the $90,000 level, which could be a crucial resistance point ². If Bitcoin fails to reclaim this level, further losses could follow, with $75,000 being the next critical support ².