#BitcoinBounceBack BTC) has failed to reclaim the resistance of $84,000 again and has fallen by 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency's rebound will be determined by its weekly close, which could see BTC drop or rise to new levels.

## Bitcoin Hits the $84,000 Wall Again

After losing the support zone of $84,000-$86,000 on Sunday, Bitcoin has failed to regain this level. The flagship cryptocurrency has retraced more than 11% in the last week, briefly falling to a 4-month low of $76,600 on Monday.

Since then, the price of BTC has fluctuated between the range of $80,000-$84,000, failing to surpass the upper zone of the range over the last four days. Crypto analyst Jelle noted that this resistance level has been a key level during the first half of March.