Here's Why Bitcoin Price Is Rebounding Sharply Today

HIGHLIGHTS Bitcoin price saw sharp bounce today despite investors remain cautious ahead of CPI inflation print. Mix of macro and technical factors including easing global yields and falling oil prices. Bitcoin chart patterns shows bullish continuation toward $94,000. Bitcoin price is rebounding more than 3% today, bouncing from $81,017 to $84,074. The sharp rise comes amid a mix of macro and technical factors. Traders remain bullish amid BTC buys by Strategy and other corporate Bitcoin treasuries. Derivatives markets are also showing massive buying across CME, Binance, and other crypto exchanges.