#BTCRebound Bitcoin's rebound potential is being closely watched, with various factors influencing its price movement. Here are some key points to consider:
- *Current Price*: Bitcoin is currently trading around $86,771.60, with a 2.56% increase.
- *Market Sentiment*: Despite unrealized losses dominating the market, investors remain optimistic, expecting prices to move higher in the near term.
- *Buying Pressure*: The Binance Bitcoin Taker Buy Volume has formed higher lows, signaling increasing investor interest and mounting buying pressure, which could lead to a price rebound.
- *Resistance Levels*: If Bitcoin recovers from its current drop, it may test resistance at $97,756 and potentially rise to $100,000 if this level is broken.
- *Investor Behavior*: Whales and retail investors are showing restraint, with fewer exchange deposits and a lower exchange whale ratio, indicating potential accumulation.
*Key Indicators:*
- *Realized Losses*: Bitcoin's Realized Losses are currently dominating the market, but investors haven't turned to selling.
- *Short-term Holder SOPR*: Has dropped below 1, indicating short-term holders are selling at a loss.
- *Fund Flow Ratio*: Fell from 0.13 to 0.06, indicating fewer exchange deposits from retail investors ¹ ².
*Possible Outcomes:*
- *Rebound*: Bitcoin could rebound in the coming days, driven by growing buy pressure and investor optimism.
- *Range-bound Trading*: BTC may continue trading within the $82,000-$86,000 range, with potential retracement to $82,800 if short-term holders start selling to avoid losses ¹.