Do you think #bitcoin will hit $80,000 by this weekend?


1/ bitcoin:native climbed 2.75% to $78,402.80 as the indefinite U.S.-Iran ceasefire extension reduced conflict risk near the Strait of Hormuz. This macro risk-off event ended, validating Bitcoin's institutional accumulation narrative and lifting sentiment across all risk assets.
2/ Bitcoin shows a 95% correlation with the S&P 500 over the past 30 days, indicating shared macroeconomic drivers. Major indices hit records with the S&P 500 rising 1.05% to 7,137.90 and the Nasdaq gaining 1.64% to 24,657.57.
3/ U.S. spot Bitcoin ETFs saw strong inflows while Strategy purchased 34,164 BTC for $2.54B. This corporate accumulation validates Bitcoin as a treasury reserve asset and provides fundamental support for higher prices.
4/ The rally triggered $198.67M in Bitcoin liquidations with shorts comprising $187.33M. This forced buying cascade created reflexive upward pressure, amplified by persistently negative funding rates that could fuel further squeezes.
5/ Bitcoin faces resistance between $78,000 and $80,000, where a major sell wall exists. Key support sits at $77,160 (50% Fibonacci) and $75,700 with a $217 M bid wall. A close above $80,000 targets $80,723.
6/ Corporate earnings boosted equities with Boeing up 5.5% and GE Vernova jumping 14%. Oil climbed more than 3% to $102 per barrel, while Asia-Pacific markets followed Wall Street higher, confirming global risk-on sentiment.
These are the findings for today.
BTC-0.02%
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NexaCrypto
· 3h ago
LFG 🔥
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