$BTC just pushed above $80,000 and is breaking its highest level of the past 7 months, but why now? A big reason is the strong inflow into spot Bitcoin ETFs, with around 1.9B$ in net inflows last week. At the same time, a weaker dollar and growing concerns about currency value are pushing investors toward scarce assets like Bitcoin and gold. The U.S. Treasury’s moves in the long-term bond market are also changing expectations around liquidity, yields, and the dollar, giving risk assets another boost. But now comes the real question: is this the beginning of a move toward a new ATH, or just a short-term rally that could fade quickly? Personally, I’m watching the next resistance levels very closely. What’s your target for BTC?
