Bitcoin Hits $80K, Strategy Skips Buy

Bitcoin just punched through $80K for the first time since January, yet a key trading strategy holds back on buys, signaling caution in this rally. Decrypt Media reports the milestone aligns with broader crypto market hype, where BTC price prediction models eye sustained gains despite volatility. Traders weigh this against recent trends like TAO ecosystem buzz, blending macro signals with on-chain data for smarter plays.

Zooming into the 4-hour chart, BTC trades at $79,811, riding a bullish structure with the EMA50 at $77,862 acting as immediate support and the EMA200 at $74,837 anchoring longer-term floors. MACD screams bullish with a golden cross at 594, pushing momentum, while RSI at 62 stays neutral, avoiding overbought traps. Price hugs the upper Bollinger band near $79,949 resistance, hinting at exhaustion—expect a pullback to that EMA50 confluence before resuming the uptrend, perfect for dip buyers eyeing crypto market crash recoveries and AI industry impact on blockchain valuations.