According to CoinMeta, analyst Kyle Rodda stated that Bitcoin's rebound is moving towards the $86,000 target, reflecting a resurgence in the demand for hedging against fiat currencies. Rodda links this rebound to the intervention by Scott Bessent in the government bond market, suggesting that Bitcoin is increasingly being used as a hedge against the US expansionary policies and as a choice for portfolio diversification. He mentioned that market prospects are improving, and the cyclical low may have passed.