#BitcoinBounceBack Bitcoin has recently bounced back after a bearish February, with its price recovering from a low of around $78,197 to approximately $85,040. Analysts suggest that this recovery is being driven by increased whale activity, renewed institutional interest, and a positive shift in market sentiment. For example, ETF inflows were up by $94.3 million, and whale inflows significantly outweighed outflows, indicating strong buying pressure 【9】.

Additionally, Bitcoin’s RSI (Relative Strength Index) suggests it was recently in oversold territory, hinting at a potential further rebound. Some analysts predict that if Bitcoin breaks above key resistance levels, it could push towards $92,325 or higher 【8】. Others believe that a rally beyond $98,000 could trigger a stronger bullish run, potentially leading to new all-time highs 【11】.

However, external factors such as economic conditions and geopolitical events—especially the recent tariff policies implemented by the U.S.—could continue to create volatility in the market 【10】. For now, Bitcoin appears to be in recovery mode, but whether it sustains this momentum depends on broader market trends.