BTC must return to $80k. Regarding the view that “BTC must return to $80k,” there is currently disagreement in the market. Supporters believe that if Bitcoin falls below a key psychological support level (such as $90k), combined with expectations of a macroeconomic recession, tighter regulation, or black swan events, a wave of selling could accelerate and drive prices down into the $80k range. However, based on on-chain data, the baseline cost basis for long-term holders is still in the $60k–$70k range, and $80k corresponds to relatively strong support; moreover, historical performance after the halving cycle has not yet been fully realized. In the short term, the price trend depends on Federal Reserve policy, spot ETF capital flows, and post-halving changes in supply and demand. It should be noted that cryptocurrency markets are highly volatile and there is no “inevitable” price level. Investors are advised to manage risk well and avoid taking an over-concentrated bet on a single direction.