Bitcoin regained some ground this Thursday, climbing 1.2% to reach $89,354. Ethereum follows the move to $2,976, a modest gain. However, over the week, the loss remains severe at 7.9%, which puts this technical rebound into perspective. Traditional markets are showing signs of stabilization, but uncertainty remains. Trading volumes are lower than the previous day, suggesting buyers are not yet rushing in.
This rebound is primarily a catch-up move after Wednesday’s drop. Investors appear to be searching for a bottom, but confidence remains fragile. The macroeconomic context has not changed: inflationary fears and the prospect of rate hikes continue to loom. Ethereum, though higher, struggles to exceed $3,000, a key level that could signal a return of optimism. For now, the market is digesting losses without a real bullish catalyst.
For traders, this day is a respite, not a trend reversal. The near-8% weekly loss shows that the market remains vulnerable. If Bitcoin manages to hold above $89,000, a test of $90,000 is possible in the coming days. But everything depends on the evolution of traditional markets and central bank decisions. Caution remains warranted.
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