#BTCRebound

Bitcoin's rebound is gaining momentum, with its price surging above $85,000 for the first time since April 2. This upswing has sparked renewed hopes of a rally toward $100,000. However, some analysts believe the journey to $100,000 may be slower than expected due to weak buying pressure indicated by the Stablecoin Supply Ratio (SSR) ¹.

*Key Factors Influencing Bitcoin's Rebound:*

- *Stablecoin Supply Ratio (SSR)*: A high SSR reading suggests weak stablecoin buying power, which could limit Bitcoin's upside potential.

- *Resistance Levels*: Bitcoin faces significant resistance between $96,155 and $98,719, where 1.48 million addresses hold 1.19 million BTC in unrealized losses.

- *Buying Pressure*: The Chaikin Money Flow (CMF) indicator suggests buying pressure is stalling, which could lead to consolidation between $78,000 and $90,000.