Bitcoin is pressing toward the $80,000 level again, riding a broader risk-on wave as equity markets push higher and oil prices pull back on improving sentiment around Iran-related geopolitical tensions. The macro backdrop — falling energy prices easing inflation fears, equities in the green — is giving crypto bulls room to work with.
The $80K level has acted as a key psychological threshold, and a clean break above it on sustained volume would shift short-term momentum decisively. Macro-driven rallies can reverse quickly if the geopolitical picture shifts, but for now the confluence of tailwinds is hard to ignore.
CoinDesk