$BTC

Bitcoin's rebound is showing promise, with its price currently sitting at $94,860.27 and a 1.17% increase. Analysts are optimistic about a potential surge, citing factors like regulatory developments, nation-state exposure and increasing integration with traditional finance.

Some key points to watch for Bitcoin's rebound include ¹ ²:

- *Support Levels*: $78,772 and $73,196 are crucial support levels to maintain for a potential reversal.

- *Resistance Levels*: Bitcoin needs to reclaim $85,800 and $90,893 to confirm a potential reversal and target higher Fibonacci extensions.

- *Apparent Demand*: Bitcoin's Apparent Demand has shown a strong rebound, signaling renewed interest and sustained accumulation in the market.

- *ETFs*: Growing inflows into spot Bitcoin exchange-traded funds (ETFs)