BTC breaking $80K would signal shift to bull market, says analyst

André Dragosch, Head of Research for Europe at Bitwise, said on X that BTC rose 3% on news of a ceasefire. He added that a stable break above $80,000 would likely signal a shift from a bear to a bull market. Dragosch noted this price level is a key turning point, as it aligns with the average cost basis for both short- and long-term holders and serves as a benchmark for spot ETF inflows.