Bitcoin just pulled off another dramatic comeback! A few days ago, tensions between the U.S. and Iran flared up, and BTC plunged to $80,300. Then Trump said, “No strikes on Iran before the November 3 midterm elections,” and the market immediately breathed a sigh of relief. Bitcoin shot back up to around $83,000. Oil prices went on a roller coaster, too: WTI surged from $89 to $93.20, then obediently slipped back to $90.69. For now, some of the pressure on risk assets has eased.
But don’t celebrate too soon—the crypto market has its own drama. Talk of “bunker mode” and precautionary wallet migrations sparked widespread anxiety, with people fearing that cryptography had been cracked. Coinbase’s cryptographers poured cold water on that idea: there’s no evidence that elliptic-curve cryptography has been broken, so don’t scare yourself for nothing.
Here are the key levels to watch: $81,000 is the lifeline below; a break could send BTC sliding toward $80,000 or even $77,200. Overhead, $82,000 to $83,300 is tough resistance, and the market will have to chew through that before it can hold higher. BitDelta analysts say the market won’t be in the clear until BTC reclaims $83,000 and ETH gets above $2,500. If BTC falls below $80,316, watch out for a possible second bottom. $BTC $MAGIC $KAIA #STRK24小时上涨约20% #Ledger暂停CryptoBilis销售 #比特币反弹至8.3万美元 #以太坊清算额达3.56亿美元 #XRP财库公司Evernorth完成SPAC合并
Next, we’ll see whether buyers are willing to put real money to work now that geopolitical tensions have eased. Do you think Bitcoin can make a run for $85,000 this time, or will it retest $80,000? Share your thoughts in the comments!
But don’t celebrate too soon—the crypto market has its own drama. Talk of “bunker mode” and precautionary wallet migrations sparked widespread anxiety, with people fearing that cryptography had been cracked. Coinbase’s cryptographers poured cold water on that idea: there’s no evidence that elliptic-curve cryptography has been broken, so don’t scare yourself for nothing.
Here are the key levels to watch: $81,000 is the lifeline below; a break could send BTC sliding toward $80,000 or even $77,200. Overhead, $82,000 to $83,300 is tough resistance, and the market will have to chew through that before it can hold higher. BitDelta analysts say the market won’t be in the clear until BTC reclaims $83,000 and ETH gets above $2,500. If BTC falls below $80,316, watch out for a possible second bottom. $BTC $MAGIC $KAIA #STRK24小时上涨约20% #Ledger暂停CryptoBilis销售 #比特币反弹至8.3万美元 #以太坊清算额达3.56亿美元 #XRP财库公司Evernorth完成SPAC合并
Next, we’ll see whether buyers are willing to put real money to work now that geopolitical tensions have eased. Do you think Bitcoin can make a run for $85,000 this time, or will it retest $80,000? Share your thoughts in the comments!