Bitcoin has staged a steady rebound over the past week, climbing back above $63,000 after testing support near $60,000 earlier this month. The recovery follows a period of heightened volatility driven by macroeconomic uncertainties and shifting investor sentiment. Analysts attribute the bounce to renewed institutional interest, with reports of increased accumulation by large holders and optimism around regulatory clarity for crypto ETFs. While technical indicators suggest bullish momentum, traders remain cautious due to lingering concerns about inflation and interest rate trends. The rebound underscores Bitcoin’s resilience as a store of value, though market participants are closely watching key resistance levels to gauge whether the upward trend can sustain. Short-term price action may hinge on broader financial market stability.
