Will Bitcoin rebound to $90K by March? Here’s what BTC options say

💡 DMK Insight

Bitcoin’s drop below 63,000 signals a critical moment for traders: the confluence of weak US economic data and stock market instability is raising red flags. With fears of an AI bubble looming, many are questioning the sustainability of recent crypto rallies. If Bitcoin can’t reclaim the 63,000 level soon, we might see further downside pressure, especially if broader market sentiment remains bearish. Traders should keep an eye on the $60,000 support level; a break below could trigger a cascade of selling. On the flip side, if Bitcoin manages to bounce back and approach 65,000, it could signal a potential recovery, but that’s a big ‘if’ given the current macroeconomic backdrop. Watch for upcoming economic indicators and stock market performance, as these will likely dictate Bitcoin’s next moves. The March forecast of $90,000 seems overly optimistic unless we see a significant shift in sentiment and data.