#BTCRebound The recovery was sparked in part by a strong earnings report from JPMorgan Chase, which posted $5.07 EPS on $45.31 billion in revenue, beating analyst expectations. However,
Arthur Hayes: Bitcoin Entering 'UP ONLY' Mode Amid Bond Chaos
Former BitMEX CEO Arthur Hayes believes Bitcoin is entering "up only mode," citing growing dysfunction in the $29 trillion U.S. Treasury market.
10-year Treasury yields surged to 4.59%,
The bond market saw its steepest weekly drop since 2019,
The U.S. Dollar Index (DXY) fell below 100—its worst performance in over two years.
“We will be getting more policy response this weekend if this keeps up,” Hayes tweeted.
“We are about to enter UP ONLY mode for $BTC.”
This sentiment aligns with traders now pricing in three to four Federal Reserve rate cuts by year-end—a historically bullish scenario for Bitcoin.
BTC Price Targets: $100K in Sight?
As the U.S. dollar weakens, several crypto analysts are predicting a potential parabolic bull run:
Venturefounder, a noted analyst, pointed to a falling DXY as a leading indicator of a Bitcoin surge, possibly driving prices toward $100,000 if the index continues toward 90.
John Bollinger, creator of Bollinger Bands, noted Bitcoin is forming a bullish bottom near $80K, supporting further upside potential.
Meanwhile, technical analysis shows BTC forming a falling wedge pattern—a bullish reversal setup. According to Cointelegraph and Glassnode, a breakout above $84K could lead to $96K, with long-term targets as high as $130,000–$140,000 by midsummer.
Macro Volatility Fuels BTC Optimism
With bond yields spiking, inflation data pending, and trade policies in flux, Bitcoin is increasingly viewed as a hedge against macro uncertainty. Whether the $84K level becomes the next launchpad or a resistance zone depends on upcoming data and policy responses, according to Cointelegraph.
Key Levels to Watch:
Immediate support: $80,000
Resistance: $84,000, then $96,000
Long-term target: $100,000+ if bullish momentum hold
