Bitcoin Rally: Can Price Sustain Momentum Through Heavy Overhead Resistance?

Bitcoin's recent surge above $78,000 has sparked debate among analysts on whether the price can sustain its momentum and reach the $80,000 zone. The move follows Iran's reopening of the Strait of Hormuz under ceasefire terms, which triggered a broad risk-on sentiment across equities and crypto.

The weekly close will be crucial in determining whether Bitcoin can reclaim the $80,000 level, with some analysts predicting a 40% chance that BTC hits this mark by month's end. However, others remain cautious, citing significant macro headwinds and warning of potential bear market risks.