#BTCRebound Bitcoin (BTC) recently staged a strong rebound after a period of downward pressure, signaling renewed investor confidence. Following a dip below key support levels, BTC found buying interest that pushed prices higher, reclaiming critical resistance zones. This rebound is partly driven by optimism around broader market recovery, increasing institutional interest, and speculation around potential rate cuts by central banks. Additionally, the upcoming Bitcoin halving has added a bullish undertone, historically linked to price surges. On-chain metrics such as rising wallet activity and declining exchange balances also suggest accumulation by long-term holders. Technical indicators show improving momentum, with BTC regaining its 50-day moving average. However, volatility remains a factor, and macroeconomic data will continue to influence market direction. If bullish momentum holds, BTC could target previous highs, but traders should remain cautious of potential retracements. Overall, the rebound reflects a positive shift in sentiment, hinting at the potential for a sustained upward move.
