Will Bitcoin rebound or drop further amid economic uncertainties?

The cryptocurrency market is currently facing significant volatility, largely driven by external economic factors and investor sentiment. Bitcoin has seen a notable decline, dropping below the $87,000 mark amidst fears of a bear market.

Analysts predict a potential rebound to $100,000 if certain resistance levels are surpassed, while others foresee a drop to $73,000 if key support levels fail. The upcoming interest rate hike by the Bank of Japan may further exacerbate the downturn for Bitcoin and altcoins.

Market reactions are also influenced by macroeconomic challenges and concerns over a possible AI investment bubble, contributing to increased uncertainty. Overall, the landscape remains precarious as traders navigate these fluctuations and assess potential future movements.