Bitcoin price bounces 5% as analyst sees crypto slump end in March

Bitcoin price relief accompanies an on-point PCE index release, with optimism growing over macroeconomic conditions easing next month.

Bitcoin (BTC) recrossed $82,000 into the Feb. 28 Wall Street open as analysis pointed to a March BTC price comeback.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing more than 5% from its latest multimonth lows of $78,197 on Bitstamp.

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