Bitcoin is facing challenges to sustain its value above the $95,000 mark, indicating underlying demand struggles amid changing economic signals. The cryptocurrency is navigating through a volatile market environment as inflation rates continue to rise.
Despite these challenges, there is a resurgence of bullish sentiment, particularly among institutional investors. This indicates a renewed interest in Bitcoin as a potential hedge against inflation.
The market's current conditions suggest that Bitcoin's price movements could be heavily influenced by both macroeconomic factors and investor sentiment in the coming weeks.