Bitcoin Can Still Hit $85,000 as Stocks Head to New All-Time Highs
Cointelegraph
Bitcoin reaches $80,000 as US stock markets hit record highs, with analysts eyeing a potential move toward $85,000.Summary
Bitcoin has rebounded to the $80,000 level alongside surging US stock markets, which reached new all-time highs despite inflationary pressures. Analysts note that risk appetite remains elevated, supported by record levels in leveraged ETF assets and consistent growth in the US M2 money supply.
Traders are currently monitoring a critical support level near $79,400. If Bitcoin maintains this range, experts suggest a breakout toward the $84,000–$85,000 range is possible, though a failure to hold current support could lead to a correction toward mid-range levels.
(Source：Cointelegraph)