The main reasons behind Bitcoin's price increase are a rebound in market demand and optimistic expectations from institutional investors regarding its future performance. Despite recent market volatility, analysts point out that Bitcoin has shown strong support around the $60,000 level, and there are signs that demand is picking up.
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The main reasons behind Bitcoin's price increase are a rebound in market demand and optimistic expectations from institutional investors regarding its future performance. Despite recent market volatility, analysts point out that Bitcoin has shown strong support around the $60,000 level, and there are signs that demand is picking up.