"Explodes with any reason"...Bitcoin re-breaks $80,000, will it succeed this time?

▲ Bitcoin (BTC) Bull Market

As Bitcoin (BTC) aims to re-break the $80,000 mark, an analysis suggests that its upward movement depends on the situation in the Middle East and the earnings of US companies.

Decrypt, a media outlet specializing in virtual assets, cited remarks by Matt Howells-Barby, VP of Growth at Kraken, to diagnose the conditions for Bitcoin's further rise. Howells-Barby stated, “If corporate earnings are strong and there are signs of easing geopolitical tensions, Bitcoin will strongly rise towards $80,000.” He added, “There is buying demand, but a clear catalyst is needed to trigger the rise.”

Bitcoin has risen by over 12% in the past two weeks. However, it still remains about 40% lower than the $126,000 recorded in October last year. The price drop has been analyzed as a result of macroeconomic uncertainties combined with selling pressure from large investors reflecting a 4-year cycle.

In recent trends, signs of easing selling pressure are also being detected. According to DefiLlama data, over $2.3 billion has flowed into Bitcoin spot ETFs since early March, indicating steady buying. With continuous inflows from institutional investors, the market is discussing the possibility of re-breaking $80,000 before summer.

Bitcoin's uptrend is also intertwined with the recovery trend of the global financial market. The S&P hit an all-time high, leading to a recovery in investor sentiment. The market, which initially fell by about 8% at the start of the Middle East conflict, quickly rebounded and recovered most of its losses.

Howells-Barby explained, “Concerns about further tightening by central banks have largely been resolved,” adding, “Due to the 24-hour trading nature of the cryptocurrency market, changes in investor sentiment are reflected in prices faster than in traditional financial markets.”

The robustness of the US economy was also pointed out as a key factor supporting expectations for a rise. Economist Ed Yardeni analyzed that global investors are focusing on the resilience of the US economy rather than Middle East tensions. He commented, “The stock market shows that the US economy has passed another stress test.”

Data also indicates continued capital inflows. According to the US Treasury Department's International Capital Flows statistics, foreign investors have net purchased a total of $1.4 trillion worth of US assets since February 2025.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*