#BTCRebound Bitcoin's rebound is showing promise, with the cryptocurrency recently surging past $86,000 after President Trump announced tariff exemptions on key tech components. This move eased pressure on the tech sector and boosted crypto, given its close ties to tech stocks and reliance on hardware for mining and infrastructure.
*Current Price:* Bitcoin is currently trading around $84,000, with some sources reporting a price of $84,368.21 after a 1.52% decrease in the last 24 hours.
*Market Sentiment:* Investor sentiment is improving, with analysts predicting a potential breakout. Some predict Bitcoin could reach $100,000 if the US Dollar Index (DXY) continues to fall. Others see a potential parabolic bull run, with price targets as high as $130,000-$140,000 by mid-summer.
*Key Levels to Watch:*
- *Immediate Support:* $80,000
- *Resistance:* $84,000, then $96,000
- *Long-term Target:* $100,000+ if bullish momentum holds
*Analyst Predictions:*
- Arthur Hayes, former BitMEX CEO, believes Bitcoin is entering "up only mode" amid bond chaos.
- Venturefounder predicts a potential surge to $100,000 if the DXY continues to fall.
- John Bollinger notes Bitcoin is forming a bullish bottom near $80K, supporting further upside potential ¹.
