#BTCRebound #BTCRebound John Bollinger, creator of the Bollinger Bands, noted that Bitcoin is forming a bullish bottom near USD 80,000, which supports greater bullish potential.

Meanwhile, technical analysis shows that BTC is forming a descending wedge, a bullish reversal setup. According to Cointelegraph and Glassnode, a breakout above $84,000 could drive the price to $96,000, with long-term targets between $130,000 and $140,000 by mid-summer.

Macroeconomic volatility fuels optimism about BTC

With the sudden rise in bond yields, pending inflation data, and constantly changing trade policies, Bitcoin is increasingly seen as a hedge against macroeconomic uncertainty. According to Cointelegraph, whether the $84,000 level becomes the next launch pad or a resistance zone will depend on upcoming data and policy responses.

Key levels to watch:

Immediate support: $80,000

Resistance: $84,000, then $96,000

Long-term target: over $100,000 if bullish momentum is maintained