Analyst: BTC holding $80K would signal return of speculators

Well-known trader Eugene Ng Ah Sio believes that Bitcoin reclaiming and holding the $80,000 level would be a crucial signal of a market reversal. He identified a recovery to $80,000 as the first sign of breaking the long bear market that has persisted since September 2025. Reflecting on the recent market, he described it as a painful period with high opportunity costs, as cryptocurrencies have been less attractive than the stock market. However, he predicted that if Bitcoin can establish a foothold above the psychological and technical resistance at $80,000, speculative capital that had left the market would flood back in, kicking off a full-fledged rally. He emphasized that the unique nature of the crypto market should be considered, where price increases often precede and create new positive narratives, rather than good news driving prices higher.