Bitcoin price forecast when traders sell next $80,000
Dirbit's $80,000 calls suggest that Bitcoin will trade above $70,700. BTC recovered to $72,900 on Wednesday as the US-Iran ceasefire eased oil pressures. Analysts see the end of the bearish cycle targeting $80,000 if $75,000 is broken.
With Bitcoin surging above $70,000, an intraday high of $72,900, crypto enthusiasts are in a good mood. The cryptocurrency is hovering around $70,800 from Wednesday's high, but bulls are bullish as fresh market signals suggest a breakout.
Traders play for Bitcoin on the next leg
Bitcoin hit year-to-date highs and has struggled since its lows in late January 2026. Bears are still on the hunt.
However, investor sentiment is shifting, fueled by the US-Iran ceasefire this week and key activity in Bitcoin derivatives. The data suggests that investors are eyeing a possible rally towards $80,000.
Options data from Deribit, which holds the lion's share of the global crypto options market, has seen prices rise as high as $80,000.
Call options bets on BTC exit above the $80k strike price hit $1.6 billion. This is in stark contrast to recent months when the $60,000 mark, which spelled bearish prices, dominated the outlook.
Data on the chain also supports the bullish case, with the Morgan Stanley ETF gaining more than $34 million for the first time.
Alison Wallace, head of global ETFs at Morgan Stanley, commented ahead of the launch: “Demand, particularly from high-net-worth investors, is very strong. In terms of strength, this is an asset class that is not going away.”
Bitcoin price prediction
The crypto market started the week with all eyes on Bitcoin. In particular, BTC hit the level seen since March 18th and rose to around $72,900. UPITIC saw buyers push from lows to $67,700 amid news of a ceasefire between the US and Iran.
Investors helped push BTC higher as oil prices eased. As broader inflationary concerns dissipate, further consolidation of the ceasefire could see Bitcoin's price breach $75,000. If this happens, the next target will be $80,000 or higher.
However, geopolitical risks remain in a potentially fragile ceasefire. If hot strikes begin and intensify, rising oil prices could depress risk assets.
Signs of tension in the ceasefire quickly emerged, with Iranian parliament speaker Mohammad Bagher Ghalibaf saying the United States had violated the accord, citing Israel's continued attacks on Lebanon, drone strikes and uranium enrichment disputes.
President Donald Trump has maintained a tough stance, warning of escalation if the terms are violated, while traffic jams along the Hormuz River show continued uncertainty over the truce's sustainability.
“Bitcoin's stress cycle is ending, but not yet reversed,” CryptoQuant analysts said early Thursday. “Risk remains … but for investors with a cycle-aware framework, the data suggests we're closer to the beginning of an opportunity than the end of one.”
Losses could bring BTC closer to $65k, with a major demand reset zone of $60k.
