This sentiment aligns with the fact that traders are currently pricing in three to four rate cuts by the Federal Reserve by the end of the year—a historically positive scenario for Bitcoin.

BTC price target: $100K in sight?

As the US dollar weakens, some cryptocurrency analysts are predicting a potential parabolic price surge:

Venturefounder, a well-known analyst, points out that the decline of DXY is a leading indicator of a Bitcoin explosion, which could push the price up to $100,000 if this index continues to trend towards 90.

John Bollinger, the creator of Bollinger Bands, stated that Bitcoin is forming a bullish bottom near $80K, providing potential support for further growth.

Meanwhile, technical analysis suggests that BTC is forming a descending wedge pattern—a bullish reversal structure. According to Cointelegraph and Glassnode, a breakout above $84K could lead to $96K, with a long-term target as high as $130,000–$140,000 by mid-summer.

Macroeconomic volatility fuels BTC optimism

With soaring bond yields, pending inflation data, and changing trade policy, Bitcoin is increasingly viewed as a hedge against macroeconomic instability. Whether $84K becomes the next launch pad or a resistance area depends on upcoming data and policy responses, according to Cointelegraph.

Key levels to watch:

Immediate support: $80,000

Resistance: $84,000, followed by $96,000

Long-term target: $100,000+ if bullish momentum is sustained