Famous trader Eugene Ng Ah Sio diagnosed that Bitcoin reclaiming and maintaining the $80,000 mark would be a decisive signal for a market reversal. He cited the recovery to $80,000 as the first trigger to break the chain of a long downturn that has continued since September 2025. Eugene recalled that "the recent cryptocurrency market has been a painful period with high opportunity costs due to its reduced attractiveness compared to the stock market." However, he predicted that if Bitcoin settles above the psychological and technical resistance level of $80,000, speculative funds that had left would return, initiating a full-fledged rally. In particular, he emphasized that it's not that prices can't rise due to a lack of positive news, but rather, one should pay attention to the unique characteristic of cryptocurrencies where new positive news and narratives are created only after prices rise first.
