#USChinaTensions Bitcoin's rebound is showing promise, with its price currently at $87,521.71, reflecting a 2.82% increase. Several factors are contributing to this uptrend ¹:

- *Softer US CPI Data*: The latest Consumer Price Index data indicates cooling inflation, reducing concerns about Federal Reserve rate hikes and boosting investor confidence.

- *Easing Geopolitical Tensions*: Developments in Russia-Ukraine ceasefire talks have improved market sentiment, potentially paving the way for sustained capital inflows into Bitcoin.

- *Institutional Accumulation*: Growing interest from institutional investors, including Michael Saylor's MicroStrategy, is adding buying pressure and supporting the price rebound.

Technical indicators also suggest a potential breakout:

- *Falling Wedge Pattern*: Bitcoin's price chart shows a falling wedge pattern, which could signal a breakout toward $90,000 to $118,000 if key resistance levels are breached.

- *Open Interest and Funding Rates*: Rising open interest and neutral funding rates indicate growing bullish sentiment and potential for further price increases.

However, some metrics caution against a rapid surge:

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

- *Resistance Levels*: Key resistance levels at $96,155 to $98,719 could pose challenges to further price increases ².