#BTCRebound Bitcoin's rebound is gaining momentum, with its price surging above $85,000 for the first time since April 2. This upswing has sparked renewed hopes of a rally toward $100,000. However, some analysts believe the journey to $100,000 may be slower than expected due to weak buying pressure indicated by the Stablecoin Supply Ratio (SSR) ¹.

*Key Factors Influencing Bitcoin's Rebound:*

- *Stablecoin Supply Ratio (SSR)*: A high SSR reading suggests weak stablecoin buying power, which could limit Bitcoin's upside potential.

- *Resistance Levels*: Bitcoin faces significant resistance between $96,155 and $98,719, where 1.48 million addresses hold 1.19 million BTC in unrealized losses.

- *Buying Pressure*: The Chaikin Money Flow (CMF) indicator suggests buying pressure is stalling, which could lead to consolidation between $78,000 and $90,000.

*Market Outlook:*

- *Potential Targets*: If buying pressure increases, Bitcoin could rally to $98,629 or even $109,447 if broader market conditions improve.

- *Downside Risks*: A decline below the 200-day Exponential Moving Average (EMA) could invalidate the uptrend, potentially sending Bitcoin's price to $70,828 ¹.

*Recent Price Movement:*

- *Current Price*: $87,322.82

- *Percent Change*: 2.54% ²