Bitcoin and Altcoin Recovery: Bulls Enter the Arena, Bears Watch For Opportunity

After a volatile week in the cryptocurrency market, Bitcoin rebounded strongly above $111,000, driven by renewed optimism spurred by macroeconomic and geopolitical developments. Analysts attribute this rise to the burgeoning DeFi sector and growing institutional investment interest. While altcoins like Ethereum and Solana also displayed encouraging signs of recovery, fueled by increasing institutional confidence and technical indicators pointing towards potential trend reversals. Despite these gains, analysts caution that bears could test higher resistance levels as traders weigh the broader impact of upcoming economic events and policy shifts.