#BTCRebound
Bitcoin (BTC) has experienced a significant rebound, climbing above $97,000—the highest in over two months—and is now approaching the psychological milestone of $100,000. This surge follows a 30% increase from April lows, driven by renewed institutional interest and macroeconomic factors.
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📈 Key Drivers of the Rebound
Institutional Adoption: Morgan Stanley is reportedly preparing to introduce spot cryptocurrency trading on its E*Trade platform, signaling increased institutional engagement.
Corporate Accumulation: Strategy (formerly MicroStrategy) has expanded its Bitcoin holdings to over 553,000 BTC, raising its 2025 Bitcoin gain target from $10 billion to $15 billion.
Safe-Haven Demand: Amid concerns over U.S. trade policies and potential stagflation, investors are turning to Bitcoin as a hedge against economic uncertainty.
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📊 Technical Outlook
Resistance Levels: Bitcoin faces significant resistance at $100,000 and $107,000.
Support Levels: Key support zones are identified at $92,000 and $85,000.
