#BTCRebound

Bitcoin has surged above $87,500 today, marking its highest level since late March. This breakout from the recent consolidation range between $83,000 and $86,000 suggests renewed bullish momentum. Technical indicators, such as the formation of a bullish pennant pattern, point towards potential targets in the $90,000–$92,000 range.

On the macroeconomic front, institutional interest remains strong, with significant futures demand reflected in an annualized basis rate of 6.81%. Additionally, expectations of the Federal Reserve shifting towards quantitative easing could inject further liquidity into the markets, supporting risk assets like Bitcoin.

These factors combined indicate that the #BTCRebound is not just a short-term rally but may signal the beginning of a sustained upward trend.