Bitcoin is back above $79K, but I’m not celebrating the number yet.
BTC has recovered toward the $79,000 area after briefly falling below $78K, with the market still caught between bullish momentum and a very uncomfortable macro backdrop.
The interesting part is that BTC is approaching the psychological $80K zone while oil is above $100 and Treasury yields are near multi-year highs.
That creates a real test.
Bullish case: BTC holds the high-$78K/$79K area, breaks $80K with convincing volume and starts accepting above resistance.
Bearish case: another rejection around $80K sends BTC back toward the recent $77K–$78K area.
For me, confirmation matters more than the headline. A move above $79K is nice. Holding above the next resistance is what would make the structure more convincing.
Latest market data has BTC around $79K, while ETH is around $2.5K. The next move may depend heavily on inflation expectations and rate pricing.
Do you think BTC is preparing for an $80K breakout, or is this another rejection zone?
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