Bitcoin cross $97,000: Market Optimism Rises Amid Stock Rebound and Bond Market Turmoil
Global Financial Outlook:
U.S. stock markets rebounded strongly after a volatile week:
S&P 500: +1.81%
Nasdaq: +2.0%
Dow Jones: +1.5%
JPMorgan Chase posted impressive earnings (EPS: $5.07, Revenue: $45.31B), boosting market sentiment. However, CEO Jamie Dimon warned of "significant turbulence" ahead due to ongoing macroeconomic instability.
Flight to Safety:
Gold surged past $3,200, hitting a record high as investors sought safe-haven assets.
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Bitcoin’s Momentum Builds:
BTC briefly crossed $84,000, settling at $83,796 (+4.5% in 24 hours).
Despite global uncertainties, Bitcoin is showing strong resilience and attracting investor attention.
Trade War Update:
The U.S. paused most global tariffs for 90 days but raised duties on Chinese imports to 145%.
In retaliation, China imposed 125% tariffs on U.S. goods, adding to geopolitical tension — yet also creating bullish sentiment for Bitcoin.
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Arthur Hayes: ‘UP ONLY’ Mode Activated
Former BitMEX CEO Arthur Hayes says Bitcoin is entering a bullish “up only” phase due to chaos in the bond market.
10-year Treasury yield: 4.59%
Steepest bond market drop since 2019
U.S. Dollar Index (DXY): Fell below 100 — weakest in over 2 years
Hayes suggests more policy responses are coming, which could further fuel BTC.
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Analysts Set High Targets:
Venturefounder sees the falling DXY as a leading indicator of a BTC surge — possibly to $100,000.
John Bollinger, creator of Bollinger Bands, notes a bullish bottom forming near $80K.
Technical analysis shows a “falling wedge” pattern — often a bullish reversal — that could push BTC to:
$96,000 in the short term
$130,000–$140,000 by midsummer if momentum continues
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Key Levels to Watch:
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Conclusion:
As macroeconomic uncertainty grows, bond yields spike, and the U.S. dollar weakens, Bitcoin is gaining appeal as a hedge. If market sentiment remains bullish and rate cuts materialize.#BTCRebound $BTC
