#BTCRebound Bitcoin's rebound is showing promise, with its price surging above $87,503, a 3.52% increase. This upswing is attributed to improving macroeconomic conditions and renewed investor confidence. Let's break down the key factors ¹ ²:

- *Macroeconomic Conditions*: Softer US CPI data and easing geopolitical tensions have boosted investor confidence. The US Consumer Price Index rose to 319.08 points, with an annual inflation rate of 2.8%, below market forecasts.

- *Technical Indicators*: Bitcoin's price has broken above resistance and the 200 EMA, confirming an uptrend. However, the Chaikin Money Flow (CMF) indicates stalling buying pressure, which might lead to consolidation between $78,000 and $90,000.

- *Resistance Levels*: Major resistance lies between $96,155 and $98,719, where 1.48 million addresses have 1.19 million in unrealized losses, potentially creating a sell wall.

- *Price Forecast*: Analysts predict a potential rally toward $100,000, with some forecasting a bounce to $92,000 in three months. Others see a possible surge to $118,000 if key resistance levels are breached.

Overall, Bitcoin's rebound is gaining momentum, but investors should remain cautious due to potential volatility and leverage-driven swings ² ³.