Bitfinex report: Bitcoin rebounds strongly, buyers are looking forward to it

Odaily News Bitfinex released a report stating that Bitcoin rebounded strongly in the past week, regaining the $85,000 mark. US President Trump announced a 90-day suspension of new tariffs, easing trade tensions and rekindling risk appetite, and the easing of the macroeconomic situation drove the rebound of Bitcoin. Importantly, the rebound was driven by spot market demand rather than leveraged derivatives positions, indicating that buyers have real confidence in Bitcoin. Bitcoin closed up 6.67% this week, extending its 15% gain since the low, indicating that this pullback is consistent with the mid-cycle pullback trend commonly seen in previous bull markets.
Cumulative spot volume increments across major exchanges show continued aggressive buying, but prices remain trapped in the $75,000 to $85,000 range. This divergence suggests a potential upside breakout if supply decreases further. However, a short-term pullback is expected at the beginning of this week, driven by profit-taking. The reaction to this drop - whether buyers continue to absorb supply - will determine whether Bitcoin will push towards $90,000.