#BTC

🚀 Bitcoin Breakout Coming? Here’s Why Everyone’s Watching $84K Closely

Markets are buzzing again—and Bitcoin is right at the center of it all. After a rocky week filled with inflation worries and trade war drama, Wall Street bounced back hard, and BTC followed right behind.

📈 U.S. Markets Rebound Big-Time

S&P 500: +1.81%

Nasdaq: +2.0%

Dow Jones: +1.5%

Fueling the rally? JPMorgan crushed earnings expectations—but CEO Jamie Dimon also warned of “considerable turbulence” ahead. Investors seem to be preparing for just that, turning to safe havens like gold (which just hit $3,200) and… yep, Bitcoin.

💥 Bitcoin Hits $84K (Almost) — What's Next?

BTC spiked past $84K before cooling near $83,796, up more than 4.5% in a single day. Despite recent choppiness, it’s showing serious strength. And with global uncertainty ramping up, it’s no surprise Bitcoin is back in the spotlight.

One big reason? The bond market is in chaos.

10-year yields: shot up to 4.59%

U.S. Dollar Index (DXY): dropped below 100 for the first time in 2+ years

Former BitMEX CEO Arthur Hayes put it bluntly:

“We’re about to enter UP ONLY mode for Bitcoin.”

🔮 Analysts See $100K+ in Play

If the dollar keeps dropping and the Fed starts cutting rates (traders are now pricing in 3 to 4 cuts this year), BTC could be set for a major move.

Some key calls:

Venturefounder: DXY heading toward 90 could push BTC to $100K

John Bollinger: BTC forming a bullish bottom near $80K

Technical setup: Falling wedge pattern → breakout could send it to $96K, even $130K–$140K this summer

🔍 Levels to Watch

Support: $80,000

Next Resistance: $84,000 → $96,00

Bull Target: $100K and beyond

#BTC