#BTCRebound Bitcoin's rebound potential is influenced by various factors, including macroeconomic trends, geopolitical developments and technical indicators.

*Current Market Status*

Bitcoin's current price is $96,220, with a 0.60% decrease (-$581.58) from its previous close. The market cap stands at $1.89 trillion ¹.

*Factors Driving Rebound*

- *US CPI Data*: Softer-than-expected inflation figures have boosted investor confidence, driving demand for Bitcoin. A 2.8% annual inflation rate, below market forecasts, has reduced expectations of further interest rate hikes.

- *Geopolitical Developments*: Russia-Ukraine ceasefire talks have eased market uncertainty, contributing to Bitcoin's price recovery.

- *Technical Indicators*: A falling wedge pattern suggests a potential breakout toward $90,000-$118,000 if key resistance levels are breached ².

*Potential Targets and Risks*

- *Resistance Levels*: $84,500 and $90,000 are key resistance levels to watch.

- *Potential Targets*: $118,000 is a potential target based on the falling wedge pattern.

- *Risks*: Leverage-driven liquidations, macroeconomic uncertainty and geopolitical tensions could impact Bitcoin's price.

*Market Outlook*

While technical and fundamental indicators point to potential downside risks, long-term fundamentals remain strong, with increasing institutional adoption and the upcoming Bitcoin halving expected to drive future gains ² ³.