CoinShares sees BTC rangebound below $80K until clear Fed policy shift

CoinShares said Bitcoin is likely to trade in a range in the short term, with $80,000 serving as a key upper resistance level. A clearer upside breakout would require the Federal Reserve to clearly confirm that the direction of monetary policy risk has shifted and that it is no longer leaning toward additional tightening. CoinShares added that Bitcoin’s recent gains were driven mainly by macroeconomic factors such as softer U.S. inflation and employment data, rather than crypto-specific positives. Alongside that macro shift, CoinShares said on-chain data shows Bitcoin whales are accumulating again.