#BTCRebound O Bitcoin rebound is currently underway, with its price stabilizing above $84,000 after a recent low of $74,000. Several factors are contributing to this rebound¹:

- *U.S. CPI Data*: Softer-than-expected inflation figures have eased concerns about new interest rate hikes, leading investors back to risk assets like Bitcoin.

- *Geopolitical Developments*: Ceasefire talks between Russia and Ukraine have alleviated market uncertainty, boosting investor confidence and supporting Bitcoin's recovery.

- *Institutional Interest*: The growing interest from institutional investors, such as the $250 million push into cryptocurrencies by Trump Media, could further drive Bitcoin's price momentum.

Some predictions suggest that Bitcoin may reach² ³:

- *$90,000 to $118,000*: Based on a descending wedge pattern and neutral funding rates, indicating potential for a breakout.

- *$100,000*: If Bitcoin surpasses $97,500, the upside potential increases, with rising institutional interest and technical indicators supporting this forecast.

However, it is essential to note that the cryptocurrency market is highly volatile, and various factors can influence Bitcoin's price. Traders should remain cautious and monitor key resistance levels.$BTC