Bitcoin between $90K support and the search for new momentum; What to expect from the market this week?

• Bitcoin: Uncertainty and volatility mark the market.
• Support at $90K as a crucial level.
• Possible bullish momentum soon.

After a late February marked by a failed attempt at growth, the Bitcoin is currently at a moment of uncertainty. The recent Bybit hack has added a layer of complexity to the scenario, leaving investors and analysts on alert. The question that hangs in the air is: will the bulls be able to gather strength to push the price up, or will we see a new drop towards $90?

The volatility of the cryptocurrency market is notorious, and the Bitcoin is no exception. The uncertainty in the market is reflected in the analyses of traders, who present divergent views on the near future of Bitcoin.

While some, like CrypNew , see a possible push higher, with crucial resistance levels at $94.700 and $92.500, others, like Roman, take a more cautious stance, predicting a return to the $90.000 support.

“Many failed attempts to move higher with a major lack of momentum. Looks like the 90k support touch is coming. This invalidates if we break 98,4 with a close above. The range is very tight so I am expecting a quick move,” wrote Novel.

Luca's technical analysis adds another perspective, noting an imminent test of the bull market support band, an indicator that has been relevant since October.

“Funding rates approaching negative territory, retail still selling while large players continue to accumulate as sentiment is near all-time low. The stage is set,” he said. “$BTC – Approaching Bull Market Support Band,” complemented .

Despite the uncertainty, a few factors could boost Bitcoin. Low funding rates, negative market sentiment, and reduced retail investor exposure could create a scenario conducive to a recovery. However, the inherent volatility of the cryptocurrency market requires caution and constant attention to price movements.

The week begins with a mix of hope and apprehension. Bitcoin’s ability to overcome recent challenges and resume its upward trajectory will depend on several factors, including market sentiment, the actions of large investors and the global macroeconomic scenario.

At the time of publication, the price of Bitcoin was quoted at US$95.923,28, up 0.2% in the last 24 hours.