With the bond market in chaos and the dollar weakening, Bitcoin is positioning itself as the ultimate hedge—and the next big move could push it well past $100K.
$BTC Bitcoin Nears $84K as Wall Street Recovers and Bond Market Chaos Fuels Bullish Sentiment
Bitcoin’s momentum is heating up again, holding strong near the $84,000 mark as investors feel more optimistic. This surge comes as the stock markets on Wall Street bounce back and trouble in the bond market has people looking to Bitcoin as a safe-haven. Could this be the beginning of a rally that pushes Bitcoin past $100,000? Let’s break it down.
Stocks Recover, Risk Appetite is Back
On April 11, U.S. stocks made a strong comeback after a rocky week. Here’s how they ended the day:
The S&P 500 jumped 1.81%
The Nasdaq Composite saw a 2.0% rise
The Dow Jones was up over 1.5%
This recovery was sparked by a solid earnings report from JPMorgan Chase, but even with good news, CEO Jamie Dimon warned there’s still a lot of uncertainty in the economy. Meanwhile, gold shot up above $3,200, as investors flocked to safer assets, seeking shelter amid the storm.
Bitcoin Surges Past $84K—Then Pauses
Bitcoin jumped by over 4.5% in a single day, reaching just above $84,000 before stabilizing at around $83,796. Despite the market rollercoaster, Bitcoin continues to show remarkable resilience in the face of ongoing global tensions, like the ongoing U.S.-China tariff conflict. Recent tariff hikes have caused massive volatility, but Bitcoin seems to be benefiting from this storm, offering traders a bit of breathing room.
Arthur Hayes: Is Bitcoin Entering 'Up Only' Mode?
Former BitMEX CEO Arthur Hayes is among those who believe Bitcoin is on the cusp of a massive bull run. He points to turmoil in the U.S. bond market as a key factor. With bond yields soaring and the U.S. dollar weakening, he’s predicting Bitcoin’s next move could be straight up.
In his words, we’re about to enter “UP ONLY mode” for Bitcoin. And with expectations of potential Fed rate cuts this year, many believe this could be exactly what Bitcoin needs to power up.
Bitcoin’s Next Stop: $100K?
Analysts are starting to eye some pretty big numbers for Bitcoin. Here’s what they’re saying:
Some believe the weakening U.S. dollar could send Bitcoin straight to $100,000.
Bitcoin is forming a strong base near $80K, which could signal more upside ahead.
Charts also show Bitcoin forming a bullish pattern that points to a breakout—one that could push Bitcoin as high as $96K, with $130K–$140K possible by mid-year.
As long as Bitcoin holds above $84K, the chances of hitting those targets look pretty good.
Why Bitcoin Might Be the Ultimate Hedge Right Now
With the bond market in disarray, rising inflation concerns, and unpredictable trade policies, Bitcoin is starting to look like the ultimate hedge for many investors. Whether the next move takes Bitcoin to new heights depends on what happens next in global markets—and there’s a lot at play.
Key Levels to Watch:
Support: $80,000
Resistance: $84,000, then $96,000
Bullish Target: $100,000+
Bitcoin’s performance is catching the attention of more and more investors who are looking for stability in uncertain times. Whether we see a breakout soon or a bit more consolidation, it’s clear that Bitcoin’s outlook remains incredibly strong.
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