Bitcoin Bulls Battle For Control With Emphasis On $80K Reclaim

Bitcoin experienced a decline of over 2% on Monday, influenced by geopolitical tensions surrounding the US-Iran conflict, which also impacted broader macro markets. The cryptocurrency's price dipped to a low of $76,567, reversing earlier gains. Market analysts highlight the importance of Bitcoin reclaiming key moving averages, particularly the 21-week Exponential Moving Average (EMA), which was achieved for the first time since October 2025. This reclaim, along with holding the bull market support band, is considered crucial for a significant macro-bullish shift. While $80,000 is currently acting as resistance, a sustained move above this level and the $82,000 mark could signal further upside. Traders are anticipating potential targets of $85,000-$88,000 in May, followed by consolidation. Geopolitical developments and upcoming corporate earnings are identified as key factors that could introduce volatility to risk assets.

(Source：Cointelegraph)