#BTCRebound Bitcoin Bounces Back: Is $100K Next?
Bitcoin is stealing the spotlight again, climbing to around $83,796 after briefly touching $84,000, a solid 4.5% jump in just 24 hours. Despite wild swings in global markets, BTC is proving its resilience. U.S. stocks, like the S&P 500 and Nasdaq, roared back last week with gains over 1.8%, fueled by strong earnings from giants like JPMorgan. But the real buzz? Chaos in the $29 trillion U.S. bond market, where 10-year Treasury yields hit 4.59% and the U.S. Dollar Index tanked below 100.
Why does this matter for Bitcoin? Former BitMEX CEO Arthur Hayes says BTC is entering “up only mode” as bond market turmoil and a weaker dollar create a perfect storm for crypto. Analysts agree: a falling dollar often signals a BTC surge, with some eyeing $100,000 if the trend holds. Technical charts are also flashing bullish signals, with Bitcoin forming a “falling wedge” pattern that could propel it to $96,000 or even $140,000 by mid-2025, per Cointelegraph and Glassnode.
The U.S.-China trade spat, with tariffs ping-ponging (145% from the U.S., 125% from China), keeps markets on edge. Yet, President Trump’s 90-day tariff pause offers breathing room, boosting optimism. With the Federal Reserve possibly cutting rates three to four times by year-end, Bitcoin’s appeal as a hedge against uncertainty is growing. Key levels to watch: $80,000 support and $84,000 resistance. If BTC breaks through, $100K could be closer than you think. Are you riding this wave?