BTC drops back to around $76,000—how hard is it to break through $80,000?
Today’s biggest factor in the market is no longer just technicals, but oil + the Iran–US situation + Federal Reserve rate expectations.
As tensions between Iran and the US escalate, oil has broken above $90, U.S. Treasury yields continue to climb, and expectations for the Fed to raise rates are clearly intensifying.
For BTC, the combination of these factors is not friendly.
But interestingly, ETH spot ETF funds have still been seeing inflows recently, suggesting institutional capital hasn’t fully pulled out of the crypto market.
So the question is: is this BTC pullback a trend reversal, or the final shakeout before $80,000?