#BTCRebound Bitcoin's rebound is gaining momentum, with the cryptocurrency trading above $83,000 after a brutal five-day sell-off. The recent price recovery is attributed to various factors, including ¹ ²:

- *Macroeconomic Developments*: A halt on newly imposed tariffs by Donald Trump and a cooler-than-expected US CPI inflation rate of 2.4% in March have contributed to the rebound.

- *Increased Whale Activity*: Notable accumulation of cryptocurrencies like XRP and Dogecoin by whales, sparking investor interest and optimism.

- *Institutional Interest*: Filing for a Dogecoin ETF by 21Shares and growing institutional adoption are expected to drive future gains.

*Key Price Levels to Watch*:

- *Support Level*: $84,200 is a critical inflection point that could determine the next phase of price action.

- *Resistance Levels*: $87,200 and $90,320 are key targets for bulls, while failure to sustain momentum could lead to a retest of $81,900 and $78,100.

*Market Outlook*:

- *Short-Term Volatility*: Technical indicators like the Three Dark Crows pattern and Ichimoku Cloud breakdown suggest potential downside risks.

- *Long-Term Fundamentals*: Increasing institutional adoption, regulatory clarity, and the upcoming Bitcoin halving event are expected to drive future gains ³.