The cryptos market is boiling. After a week marked by a strong correction and an intense selling pressure, Bitcoin jumped up to $ 85,120, which revives the hope of investors and traders. But, this sudden rise is based on complex dynamics that question its sustainability. While some see it as a purchase opportunity, others warn against a possible relapse if the trend is not confirmed. Thus, the confrontation between these two visions creates a palpable tension on the market.
A technical rebound carried by leverage purchases
The last 48 hours were marked by a sudden increase in Bitcoin, with a summit at $ 85,120. This bullish movement was largely fueled by massive purchases on the cash market and the leverage, with a significant increase in long positions on exchange platforms.
JJ the Janitor, analyst at Highstrike, noted In a publication on the X platform (formerly Twitter) on February 28, 2025 that “the cashbase cashbase offers were filled, which represents the first reversal where the purchase orders have surpass the sales orders from the hollow of September at $ 52,000”. This signal is generally interpreted as a sign of a short -term trend reversal. However, this influx of orders could hide underlying instability.
Optimism is not generalized, however. Some analysts, while recognizing the vigor of the rebound, remain cautious. Aksel Kibar, certified market analyst, underlines On the social network X this February 28 that Bitcoin made a “brutal retest” of the $ 78,000 threshold, without confirming a real floor. Many traders therefore carefully monitor the next daily fences, and are looking for clues to determine if the rally is truly triggered.
Technical indicators still under pressure
If this rebound has erased part of the recent losses, technical indicators send contrasting signals. The relative force index (RSI) remains in territory of occurrence, and the structure of candlesticks on the daily scale does not yet show a clear reversal of the trend.
The feeling of the market, on the other hand, remains marked by great caution. In addition, the Crypto Fear & Greed index still displays high levels of fear, which confirms that volatility and uncertainty still dominate the landscape. Jake O, trader at Wintermute, compares the current situation to that of August 2024, when Bitcoin had briefly dropped under $ 50,000 before starting up. The latter precise In a publication on the X platform this February 28 as “the decorrelation between market positioning and the fundamentals has never been so marked, which creates a major land in the next sessions”.
However, a key element could complicate the bullish scenario: the macroeconomic environment. If new negative economic data were to weigh on risky assets, investors could degrade their exposure to Bitcoin, which would cause new correction.
The next sessions will be decisive to assess the solidity of this recovery. Maintaining above $ 82,000 would validate a bullish recovery, while a return under the $ 78,000 would revive the spectrum of prolonged correction. Bitcoin remains suspended between hope and caution, because investors scrutinize each movement to anticipate the next market management. In addition, the outcome of this rebound could well define the trend of the next few weeks, between consolidation and bullish recovery … or a brutal return.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
