Bitcoin’s recent rebound to above $78K is weak and losing momentum, facing strong resistance. The broader crypto market is struggling to gain ground amid significant investment outflows and large institutional losses. Analysts are divided—some see a potential bottom near $60K, while others warn of a much deeper crash ahead. Market sentiment remains cautious and bearish.
Key Points :
Bitcoin has recovered only about 5% from recent lows, now trading above $78,000, but faces strong resistance levels from early February.
Overall crypto market cap rose slightly to $2.65 trillion, but momentum is fading near the $2.65–2.68 trillion resistance zone.
Crypto investment funds saw significant outflows for the second straight week, with Bitcoin and Ethereum leading the declines.
Despite the pullback, some indicators suggest investors are positioning for a potential local bottom, while analysts warn of ongoing bearish risks.
Major institutional holders are facing large losses, with some reducing crypto exposure, though a few continue to buy amid the downturn.
Analysts remain divided: Bernstein sees a potential rebound if Bitcoin tests $60,000, while others warn of a deeper drop—even as low as $10,000.
