Bitcoin rose to the $ 80,000 level again after a break of about three months. With this move, it seems that new high levels are starting to be discussed in the cryptocurrency market. Different opinions stand out among analysts and investors regarding the sustainability of the current rise and the possibility of new records.
New peak expectations for Bitcoin increased
After breaking an important 21-week trend line last week, Bitcoin price quickly exceeded $80,000, reaching its highest level in the last three months. TradingView data showed Bitcoin rising as high as $80,617 on the Bitstamp exchange. The weekly close was also recorded as one of the highest closes since late January. While experts think that new rises may occur, analyst Michaël van de Poppe stated that this process is just the beginning and stated that the $ 88,000 level is not far away.
Bitcoin appears poised for upward momentum.
Van de Poppe stated that net inflows of $630 million into US spot Bitcoin ETFs recorded on Friday also supported the upward trend. He said that Bitcoin, which fell to $ 60,000 in February, experienced a significant correction in this process, but on-chain indicators turned positive again. He argued that a move between $92,000 and $95,000 in the coming days would not be a surprise, and that the current rise indicates a bull market.
Separation and risks in markets
Some analysts point out that the rise may be fragile. The investor, nicknamed Crypto Storm, stated that if the current technical formation is disrupted, there may be a 30-40 percent decline and this could affect the entire market. The investor named BitBull thinks that Bitcoin may fall to the level of $ 60,000 again in the short term and announced that he plans to open a short position with this expectation. On the other hand, some traders such as Jeff Sun stated that the pricing seen at the end of this year was an indication that the bear market structure was broken and that they had been collecting positions in the spot market for a long time.
The $80,000 level in the spot market has been retested for the first time since January 2026 and this structure is no longer a bear market.
On the other hand, Fidelity Investments global macro director Jurrien Timmer stated that the rise of Bitcoin from the $ 60,033 level indicates the formation of a strong ground and that it is in the consolidation phase before a new wave.
Macroeconomic developments and other markets
While Bitcoin price movements continue, the interest rate policy of the Federal Reserve (Fed) and global developments also shape the markets. As the ongoing war with Iran enters its third month, rising inflation again is high on the agenda of Fed officials. The fact that four members opposed the policy statements of the Fed at its last meeting showed that this level of divergence was experienced for the first time in thirty years. In the statements, it was stated that the majority of the speakers did not foresee an interest rate cut for this year.
In light of these developments, while the S&P 500 index rose to new record levels last week, it was emphasized that company profits were effective in the rise in stock markets. Analysts stated that if inflation starts to gain momentum, this could put pressure on share values.
In commodity markets, especially oil prices are closely monitored. Analyst Lukas Kuemmerle stated that although Brent oil rose from 61 dollars at the beginning of the year to 112 dollars, the March and April peaks were tested and retreated several times in the last month. Market players think that excess supply will come to the fore in 2026, and therefore a decline in oil prices is inevitable.
While even Goldman Sachs expects Brent oil to stabilize at 85 dollars, it states that risks originating from Iran are now priced in.
Although the oil price exceeded 120 dollars last week, it started the new week at 115 dollars. It was noted that hedge funds, in particular, had been pricing in the price increase originating from Iran for a while and now updated their positions downwards.
Bitcoin’s on-chain fundamental indicators also support this rise. CryptoQuant data showed that the MVRV ratio, which compares Bitcoin’s market value to its realized value, rose to 1.45, the highest level since the beginning of the year. According to this metric, it is stated that there has been a significant increase in investors’ profitability and the trend may indicate a potentially strong bull market.
