#BitcoinBounceBack The sentiment in the cryptocurrency market has weakened, as evidenced by the Cryptocurrency Fear and Greed Index, which has fallen from 55 (Neutral) to 10 (Extreme Fear) in the last month.

The easing of financial conditions could imply an increase in prices and risk assets in general. Treasury Secretary Scott Bessent recently reaffirmed the administration's plan to lower interest rates to help struggling Americans. However, increased noise around tariffs or cryptocurrency reserve plans not meeting community expectations could lead to a further drop in the price of bitcoin. We will have to see which argument solidifies in the coming weeks and months.

Generally, we observe pullbacks of 20-35% in bullish bitcoin markets before finding a base and beginning the next bullish phase. The level of $80,000 to which the price of bitcoin recently fell represents a 28% drop from the all-time high of $109,300, so it is possible that we have already seen the bottom.