As of March 29, 2025, Bitcoin is trading near 84,500 USD, reflecting a drop of 3.9%. The Hash Ribbon indicator suggests potential miner recovery. However, analysts warn that Bitcoin must surpass 86,800 USD for sustained bullish sentiment.
Despite the buy signal, concerns about macroeconomic conditions and potential bearish divergences persist. A decline below 83,000 USD could expose further risks, suggesting that while signals indicate recovery, caution is warranted.
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