The Bitcoin market has been under pressure in recent months due to various factors, including investor anticipation of a US-Israeli attack on Iran and rising crude oil prices.
However, with the attack now having taken place, markets may start to anticipate a de-escalation of tensions, which could positively impact the price of Bitcoin.
The Crypto Fear and Greed Index remains in the extreme fear zone, a highly bullish sign that often precedes a market rally. If this trend continues, it could indicate a potential bounce back for Bitcoin in March.