#MarketRebound
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.