Despite a recent price bounce to above $85,000, Bitcoin’s market risk remains high. Market conditions are fragile, with only 24% of the circulating supply in unrealised loss, suggesting potential for further downside. Sustained momentum towards recovery depends on macroeconomic clarity and maintaining key support levels.
Bitcoin is facing significant market challenges amidst global volatility and rising macroeconomic tensions. Currently, the price has stabilised above the critical threshold of $85,000, which bulls are striving to maintain. The pressing challenge ahead is to reclaim the $90,000 mark to signal a recovery and positively influence overall market sentiment.
