Bitcoin, crypto 'winter' soon over, says BitWise exec as gold retargets $5K

💡 DMK Insight

Bitcoin’s struggle at the $80,000 resistance is a critical moment for traders to assess market sentiment. With gold eyeing a $5,000 reclaim, the correlation between these two assets could signal a shift in risk appetite. If Bitcoin can’t break through that resistance soon, we might see a pullback, especially with the looming ‘crypto winter’ narrative gaining traction. Traders should keep an eye on the $75,000 support level; a drop below that could trigger further selling pressure. On the flip side, if Bitcoin manages to push past $80,000, it could reignite bullish momentum, attracting both retail and institutional interest. Watch for volume spikes around these key levels to gauge market commitment.