Bitcoin reignited market expectations after surpassing $78,000 and marking its highest level in more than two months. The momentum was accompanied by a signal of price recovery that is usually interpreted as a possible bullish turning point. With this scenario, the asset was once again at the gates of the psychological zone of $80,000.
The advance occurred amid a better mood in the markets, after Iran reopened the Strait of Hormuz as part of the current ceasefire, as reported by CriptoNoticias. That decision relieved, at least temporarily, some of the geopolitical tension which had put pressure on risk assets. In this context, both stock markets and cryptocurrencies reacted with purchases, although doubts persist about whether the movement has enough strength to sustain itself.
In the morning, BTC was moving close to $77,922, still below the $80,000 threshold. level that has not been tested since the end of January 2026. The big unknown now is whether the weekly close will manage to consolidate the rebound or if the price will find rejection again. in a resistance that has already stopped previous advances.
From the technical approach, the analyst known as Rekt Capital stressed that bitcoin has managed to stay above $73,000, a key level that previously acted as resistance and now functions as support.
On the X platform, Rekt Capital warned: “The evolution on the daily chart has been promising, the weekly close will be the most important to take into account.” However, he recalled that A similar behavior was observed in March that ended in rejection after an initial rise.
In parallel, the trader Ted Pillows identified $76,000 as a decisive point to sustain the advance. “The key zone for Bitcoin here is $76,000, and a recovery could push BTC towards the $78,000 to $80,000 zone,” he noted. However, he also made his tactical stance clear: he plans to open short positions near $79,000-$80,000, based on recent patterns where the price breaks local highs before reversing.
According to market data, More than $100 million in short positions were liquidated in a matter of hoursas we previously reported, which accelerated the rise. Even so, this type of impulse derived from liquidations is usually volatile and does not always indicate a structural change in trend.
The warnings are not minor
The analyst Rekt Capital insists in which, to speak of a sustained recovery, bitcoin should recover levels such as $82,500 and break the sequence of descending highs that it has been dragging on for months. Otherwise, the asset could continue within a broader bearish structure, with episodes of specific rebounds.
Added to this caution is the vision of the firm QCP Groupwhich highlights that the derivatives market continues to prioritize defensive strategies. According to his observations, The current rally appears to be driven primarily by spot market purchaseswhich makes it more fragile in the face of sudden changes in sentiment.
As for on-chain data, the picture is mixed. CryptoQuant analyst Woo Mink Yu stood out than the Bitcoin Combined Market Index (BCMI) has fallen to levels historically associated with undervaluation. He explained: “We are entering a zone of value accumulation but it is advisable to wait for confirmation.” However, he suggested that long-term upside potential could be increasing, albeit without immediate guarantees.
At the same time, signs such as the drop in open interest on Binance, along with lower capital inflows to exchanges, They point to a less leveraged and, in theory, healthier market. However, the recent increase in BTC volume sent to exchange platforms could indicate that large investors are ready to take profits if the price approaches $80,000.
In short, bitcoin faces a decisive moment. The geopolitical context has given a respite and technical analysis suggests a possible bullish continuation, but the key resistances remain intact and skepticism does not disappear. The weekly close will be decisive to know if the market has enough strength to break $80,000 or if, once again, that level becomes a difficult ceiling to overcome.