$BTC BTC Rebound: The recent rebound of Bitcoin to $87,000 can be attributed to several factors. Here are some key factors driving this trend:

1. **Market Sentiment**: Positive news and developments in the cryptocurrency space can significantly boost investor confidence. Favorable regulations or institutional investments can lead to increased buying activity.

2. **Technical Indicators**: Price movements may be influenced by technical analysis as traders react to support and resistance levels. Holding around $84,000 may have created a solid support base for the rebound.

3. **Macroeconomic Factors**: Broader economic conditions, such as inflation concerns or changes in monetary policy, can affect Bitcoin's appeal as a hedge against the traditional financial system.

4. **Increased Adoption**: The growing acceptance of Bitcoin by mainstream companies and financial institutions may drive demand and push prices higher.