#BitcoinBounceBack

$BTC

Bitcoin's price recently experienced a decline, falling to a four-month low below $77,000. This drop was influenced by factors such as regulatory pressures, macroeconomic uncertainty, and market liquidations. ​Investors.com+2Economic Times+2Barron's+2

However, Bitcoin has shown signs of recovery. After reaching the aforementioned low, it rebounded to test the resistance zone between $84,000 and $85,000 multiple times. This zone is significant due to the accumulation of short positions, and surpassing it could lead to further upward momentum. ​Cointelegraph

As of March 16, 2025, Bitcoin is trading at approximately $84,277, reflecting a slight increase of 0.07% from the previous close.