#BTCRebound It has been almost a week since Bitcoin BTC $94,641.06 has maintained its position above the $90,000 mark, demonstrating an increase of 11.41% over the last seven days. Against this backdrop, market participants are quite optimistic about the further development of events.

In the last 48 hours, traders have purchased 20,000 BTC for about $1.86 billion. Such activity indicates strong investor confidence in the market and may serve as an additional driver for further cryptocurrency price growth.

Technical indicators also provide grounds for cautious optimism. The short-term holding value is currently at $93,145, which is an important support level for the market. The range of this metric fluctuates from $71,150 to $131,800.

$BTC repeats behavioral cycles that have been observed since 2015. The asset is currently in a so-called "markup phase," which is usually accompanied by steady price growth after a period of accumulation.