#BTCRebound
🚀 **Bitcoin Update: BTC Eyes $100K as Macro Turbulence Fuels Bullish Momentum** 🌟
**Bitcoin Price Action**
#Bitcoin surged past $84K today (+4.5% in 24H) as investors digest:
✅ **Bond market chaos** (10Y yields spike to 4.59%, worst Treasury selloff since 2019)
✅ **DXY collapse** (Dollar Index plunges below 100, a 2-year low)
✅ **Geopolitical risks** (U.S.-China tariff war escalates, gold hits record $3,200)
**Why BTC is Gaining Traction**
🔹 **Arthur Hayes’ “UP ONLY” Call**: Ex-BitMEX CEO warns bond market dysfunction could trigger a **policy response**, igniting a Bitcoin rally.
🔹 **Fed Rate Cut Bets**: Traders now price in **3-4 rate cuts** by 2024 end — historically bullish for risk assets like BTC.
🔹 **Technical Breakout**: BTC forms a bullish **falling wedge pattern**. A close above $84K could target **$96K**, with analysts eyeing **$130K-$140K by mid-2024**.
**Macro Drivers to Watch**
📉 **Stocks Rebound**: S&P 500 (+1.8%) and Nasdaq (+2%) recover, but JPMorgan CEO Dimon warns of “considerable turbulence” ahead.
💵 **DXY vs. BTC**: A weaker dollar (DXY <100) often fuels crypto rallies. Analysts say a drop to 90 could propel BTC to **$100K**.
⚡ **Key Levels**:
- Support: **$80K** (critical hold)
- Resistance: **$84K ➔ $96K** (breakout zone)
**The Big Picture**
With bond markets in turmoil, inflation data looming, and global trade tensions simmering, Bitcoin is increasingly seen as a **hedge against systemic uncertainty**. Will $84K become the springboard for a historic run?
**What’s Next?**
Keep an eye on:
🔸 Fed policy signals
🔸 U.S.-China trade war developments
🔸 BTC’s ability to hold $80K support
**Your Move**
Are you stacking sats or waiting for a pullback? Let us know your **BTC price prediction** below! 👇
