$BTC
📈 Bitcoin (BTC) rebound on Binance: Analysis and Predictions
Bitcoin has recently experienced a notable rebound on the Binance platform, surpassing the **$87,000** mark, supported by strong investment flows from whales and institutions that purchased nearly **$4.7 billion** in BTC over the course of one month.
Key driving factors:
1. Technical forecasts: According to technical analysis, a breakout of the **$85,600** level is expected as a bullish signal that could drive the price towards **$94,000**, while a break below **$84,000** could lead to a retest at **$78,000**.
2. Institutional flows: Bitcoin exchange-traded funds (ETFs) recorded record weekly inflows of **$724 million**, with expectations for the price to rise to **$90,000** soon.
3. Economic events: Trump's statements regarding financial policies and the Fed's delay in raising interest rates have boosted investor confidence in cryptocurrencies as a safe haven.
What to expect?
With Bitcoin continuing to dominate **64%** of the market, analysts are monitoring price reactions to high liquidity levels, especially with upcoming U.S. inflation data that could impact the short-term direction.
📌 Traders' advice:
- Buy: After confirming a breakout above **$85,600** with a target of **$88,000**.
- Caution: About potential volatility with major economic events such as the U.S. **PCE** report on Friday.
