#BTCRebound
Bitcoin's recent rebound is attributed to growing signs of renewed institutional interest, with spot Bitcoin ETFs flipping back to net inflows after a week of significant outflows. Here are the key details ¹:
- *Current Price*: $86,771.60, with a 2.56% increase
- *Market Capitalization*: $1.68 trillion
- *Recent Inflows*: $13.4 million in net inflows to US spot Bitcoin ETFs last week, led by BlackRock's iShares Bitcoin Trust with $186.5 million
- *Resistance Level*: Bitcoin needs to break through the $88,800 resistance level to confirm a sustained bullish trend
- *Institutional Interest*: Analysts believe the surge could point to a return of institutional safe-haven demand for Bitcoin, especially as traditional markets falter
- *Future Outlook*: Some predict Bitcoin could hit $200,000 before the close of 2025, driven by factors like US trade policy and growing adoption
However, other analysts caution that ²:
- *Buying Pressure*: Needs to increase for Bitcoin to sustain its upward momentum
- *Resistance Levels*: $96,155-$98,719 is a significant resistance zone, with 1.48 million addresses holding 1.19 million BTC in unrealized losses
- *Potential Targets*: $90,000-$118,000 if key resistance levels are breached, with some analysts predicting a potential rally toward $100,000.