#BTCRebound
Bitcoin (BTC) has rebounded significantly, trading above 87,000 and marking its highest level since late March. This surge represents a recovery of over 1674,800 .
📈 Key Drivers of the Rebound
*1. Weakening U.S. Dollar:* Investor concerns over President Trump's criticism of Federal Reserve Chair Jerome Powell and potential threats to the Fed's independence have led to a decline in the U.S. dollar. This has increased demand for alternative assets like Bitcoin .
*2. Institutional Investment:* Renewed institutional interest is evident, with U.S.-listed spot Bitcoin ETFs experiencing net inflows of 13.4 million last week, indicating a shift back to bullish sentiment among large investors .
*3. Technical Momentum:* Bitcoin has broken out of a consolidation phase between83,000 and 86,000, surpassing the 30-day exponential moving average. Analysts now anticipate potential targets in the90,000–92,000 range .
The current bullish momentum suggests that Bitcoin may continue its upward trajectory. Analysts are closely watching the88,000 resistance level; a decisive move above this could signal further gains. However, market participants remain cautious due to ongoing geopolitical tensions and uncertainties surrounding U.S. monetary policy.