Bitcoin's Next Move: Will It Hold Above $80K or Retreat to Support?

Bitcoin has been on a tear lately, surging 27% in just one month and testing the $80K mark.

Analysts say this next pullback will be crucial in determining if the rally has staying power.

For Hyperion Decimus's Chris Sullivan, the key is whether Bitcoin can hold above its current price levels or drop back to $67K-$70K support.

Ryan Lee of Bitget Research expects a near-term trade range between $74K and $81K, with a move towards $75K-$76K indicating profit-taking by traders.

Lee also notes that sustained demand from institutions or continued inflows into spot Bitcoin ETFs could be the catalyst for another leg up.