Bitcoin's price has plunged below the $90,000 mark, succumbing to selling pressure and suffering a drop of nearly 14%. The digital currency's current situation calls for a thorough technical analysis to unravel its future trajectory. Elyfe provides insights into the possible rebound, examining the key factors influencing Bitcoin's valuation.
The article highlights the crucial elements affecting Bitcoin's price movement and presents a forecast for its potential recovery. Technical indicators and market conditions are evaluated to provide a comprehensive understanding of BTC's prospects as of March 4, 2025.
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