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Bitcoin hits $80k again, but this time it seems like it's going to break through. The price has been hovering around $81.2k in the last few hours, so technically it has already surpassed that level which seemed to be an important barrier not long ago.
Some analysts are saying that any correction now would be only temporary, nothing to change the underlying trend. The interesting thing is that Bitcoin hits and bounces back, but continues to find support higher up each time it tries.
Volatility is there, obviously, but when you see it hitting a level and then breaking above it, it's hard not to think there's real underlying buying pressure. Of course, there could always be a correction, but those who have been in this space for a while say it would be a temporary pullback within the larger bullish movement.