#BitcoinBounceBack Bitcoin's recent price action has been quite volatile, but there are signs of a potential bounce back. After dropping below $80,000, Bitcoin has shown some resilience, with a 1.45% 24-hour rise, and a near 6% jump overnight.¹ This short-term recovery has pushed Bitcoin back above $83,000.

Some analysts believe that Bitcoin could bounce back to $90,000, citing whale accumulation and technical indicators.² Whale wallets holding 10 or more BTC have added nearly 5,000 BTC since March 3, which could be a sign of potential buying pressure.

However, others are more cautious, warning that Bitcoin needs to reclaim $90,000 to shift momentum and avoid deeper losses. The Fear & Greed Index has dropped to 20, signaling extreme fear in the market.

Overall, while there are signs of a potential bounce back, Bitcoin's price action remains uncertain, and traders should exercise caution.³