Can Bitcoin Reach $80,000 This Weekend as the Strait of Hormuz Opens?
BeInCrypto
Bitcoin rallied toward $80,000 following the reopening of the Strait of Hormuz, though analysts remain divided on whether this momentum can be sustained.Summary
Bitcoin recently climbed above $78,000, fueled by market optimism after Iran reopened the Strait of Hormuz. While traders are eyeing the $80,000 level, analysts like Rekt Capital warn that significant overhead resistance and broader macro headwinds remain. Although recent gains appear driven by spot demand, some experts remain cautious, viewing the rally as potentially fragile within a larger bear market structure.
(Source：BeInCrypto)