#BTCRebound Bitcoin Eyes Breakout as Market Optimism Grows | $100K Next?
On Friday, April 11, U.S. stock markets staged a strong rebound:
S&P 500 jumped 1.81%
Nasdaq rose 2.0%
Dow Jones gained over 1.5%
The rally was supported by JPMorgan’s impressive earnings, though CEO Jamie Dimon warned of "considerable turbulence" due to ongoing macroeconomic uncertainty.
Meanwhile, Bitcoin soared past $84,000, up 4.5% in 24 hours, showing strength despite recent volatility. Gold also hit a record high above $3,200 as investors sought safe-haven assets.
Bond Market in Chaos:
10-year Treasury yields surged to 4.59%
U.S. Dollar Index (DXY) dropped below 100 — worst level in over two years
Arthur Hayes (former BitMEX CEO) says:
“We’re entering ‘UP ONLY’ mode for BTC,”
as dysfunction in the $29T U.S. bond market drives investors toward Bitcoin. Traders are now pricing in 3–4 Fed rate cuts by year-end — a historically bullish setup for BTC.
BTC Price Predictions:
Analysts eye a breakout above $84K
Short-term target: $96,000
Long-term: $100K–$140K by midsummer
Key Support & Resistance:
Support: $80,000
Resistance: $84,000 → $96,000
Bullish target: $100,000+
With macro uncertainty rising, Bitcoin is increasingly viewed as a hedge. If momentum continues, we could be on the verge of another parabolic run!
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