Why did Bitcoin prices bounce back today?

Could you elaborate on the reasons behind the sudden rebound in Bitcoin prices today? What factors do you believe contributed to this positive movement? Did any specific news or announcements influence the market sentiment? How do you interpret the technical indicators at this moment? Are there any particular patterns or trends that suggest this rise is sustainable? What are the potential risks investors should be aware of moving forward? Your insights would be greatly appreciated in helping us understand this volatile market.