Recently, after Bitcoin stabilized at $75,000 following better-than-expected U.S. PPI inflation data, analysts are now targeting $80,000-$85,000. I notice that the logic behind this rebound is quite clear — U.S. March PPI only increased by 0.5%, well below the expected 1.1%, and the annualized rate is only 4.0% instead of the anticipated 4.7%. This moderate inflation data is a positive signal for the crypto market.

On the technical side, analyst Poppe pointed out that Bitcoin is currently consolidating around $75,000. Once a volume-driven breakout occurs, there’s a chance to directly reach the $80,000-$85,000 range. He specifically emphasized that $72,000 is a key support level; holding this level, he believes the probability of reaching $80,000 this month has already increased to 70%. The current price is around $76.18k, which still seems to be on the expected track.

Interestingly, if Bitcoin really surges like this, the beta coefficient of altcoins could be 2-3 times that of BTC, meaning if BTC rises 10%, altcoins might increase by 20-30% or even more. Coupled with recent optimism from the resumption of US-Iran peace negotiations and institutional buying support, the overall market momentum still looks quite strong. It all depends on whether these support levels can hold.