Bitcoin rebounded sharply over the past week, recovering from lows near $67,000 and climbing back above $70,000. The options market is also showing rising interest in an $80,000 target. According to the report, the recent ceasefire between the US and Iran helped push oil prices lower, and some analysts link that move to softer inflation expectations and renewed hopes that the Federal Reserve could cut rates, a setup that often supports risk assets.
Short-term pricing is still tied closely to macro releases. Traders are watching upcoming US fourth-quarter growth data and fresh inflation figures, with expectations that both reports could trigger stronger volatility in the days ahead.
Geopolitics and macro data are shaping market tone
Geopolitical risk remains part of the market backdrop. Former US ambassador to NATO Ivo Daalder said NATO is facing what he described as the most severe crisis in its history during the debate over US-NATO relations. At the same time, US President Donald Trump said American military forces would remain in the Gulf region ahead of possible negotiations with Iran.
That mix of political tension and economic data keeps Bitcoin tied to broader risk sentiment rather than crypto-specific factors alone. For now, traders are focused on whether external developments can sustain the recent recovery.
Resistance level now dominates the technical setup
On the technical side, the report says Bitcoin’s daily chart has moved close to a clearly defined resistance zone after a pronounced bearish phase, with price hovering just below $126,000. That barrier is linked to trendlines dating back to October, and analysts say downside risk remains in place until a clear breakout is confirmed.
If Bitcoin breaks above that level with strong volume, analysts believe the current downtrend could be considered finished, opening the way for a fast move into the $75,000 to $80,000 range. If momentum holds, price could continue higher over the medium term. If the market is rejected there instead, selling pressure may persist and drag Bitcoin back toward support near $65,000.
21Shares points to a possible $100,000 move by June
Investment firm 21Shares offered a more bullish scenario, saying Bitcoin could reach $100,000 by June if favorable trends continue. Even with that target in view, traders are still waiting for the next US inflation and growth readings, which are likely to shape sentiment and determine whether Bitcoin can keep pressing into higher price zones.