Bitcoin Breaks Above $80,000 as Crypto Markets Regain Bullish Sentiment

Crypto markets are seeing a resurgence in bullish sentiment as Bitcoin (BTC) and other major altcoins continue to rise, driven by sustained capital inflows into spot Exchange-Traded Funds (ETFs).

Bitcoin has broken above $79,500, extending its advance well above key Exponential Moving Averages (EMAs), which keeps the near-term bias firmly bullish. However, the Relative Strength Index (RSI) at 81 points to overstretched conditions.

Ethereum's recovery is gaining momentum for the second consecutive day, trading above $2,500 on Thursday, with its spot price holding well above key EMAs and suggesting a solidly supported uptrend structure. The MACD in positive territory hints that upside momentum is strong but increasingly stretched.