#BitcoinBounceBack

Bitcoin's latest bounce back is a hot topic, and here's what's happening. After a bearish February, BTC is showing signs of recovery, with a potential bounce back to $90,000 on the horizon ¹. Whale accumulation and institutional investment are key factors driving this optimism.

*Current Price Action:*

BTC is trading above $80,000, with a recent low of $78,197. The price has since rebounded to around $85,000 ¹. However, Bitcoin's price is still below the 100-hour Simple Moving Average, indicating a potential bearish trend ².

*Key Resistance Levels:*

- $103,000: A crucial resistance level, with a connecting bearish trend line forming on the hourly chart ².

- $90,000: A key level for BTC to reclaim and shift momentum ³ ¹.

*Market Sentiment:*

The Fear and Greed Index has risen to 20, indicating bullish expectations ¹. However, the market remains fragile, and investors are cautious about jumping back in.

Keep in mind that the crypto market is highly volatile, and prices can fluctuate rapidly. Stay informed, and always do your own research before making investment decisions.