The crypto market has just witnessed a spectacular turnaround, with Bitcoin $BTC surging past the key psychological resistance level of $78,000 shortly after the US midterm elections concluded.
This recovery marks a new milestone amid a rapidly changing political landscape, but is it the starting point of a new bull run or merely a trap set to ensnare Long traders?
Key highlights to note:
Lightning-fast recovery: Bitcoin put in an impressive performance, rebounding from lower price levels to establish a new position above 78K.
ETF overhang: Despite the price recovery, massive net outflows of up to $1.16 billion from ETFs over the past three sessions are raising serious questions about the sustainability of this rally[cite: 18].
Next targets: All eyes are on the $80,000 mark, and then $82,000. Do the bulls have enough strength to conquer these new highs?
👉 Quick poll: What do you think?
After BTC hit 78K, what do you think will happen next?
Comment 1: It’ll keep flying straight up to 82K–85K, gearing up for a supercycle 🚀
Comment 2: A sharp correction is coming due to ETF pressure; I’ll wait for the 72K–75K range to buy back in 📉
Leave your thoughts below and let’s see which side the community is leaning toward! 👇
(Disclaimer: This post shares a personal perspective on market analysis and is not financial investment advice. Always manage your own capital and DYOR).
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