Bitcoin’s BTC/USD roared back to $80,000 on Tuesday, triggering renewed optimism among traders who now anticipate a potential breakout week if price action doesn’t stall.
What Happened: Crypto trader Astronomer on Tuesday shared a breakdown of a well-timed BTC long, executed in real-time as the local low was set.
The move wasn’t based on hindsight, but on a combination of key bullish signals: a stretched CME gap and weekly open above, a fakeout move down on Monday, smart money accumulation while retail was selling, and a broader macro bullish bias that had been building for weeks.
Despite BTC forming a lower low, the reclaim of $80,000 validated the bullish setup.
Astronomer now targets $84,000 this week, as long as price doesn’t stall sideways.
Also Read: Bitcoin Is A ‘More Liquid And Higher Volatility Version Of Gold’: Bernstein
Why It Matters: Glassnode data shows that majority of the cryptocurrency assets witnessed a sharp uptick in futures volume in the past seven days.
This reflects a reversal from the past month, when futures volumes had been steadily declining.
XRP was leading with 78% growth, Bitcoin followed with 64% and Ethereum and Solana stood at 58% growth each.
What’s Next: Crypto trader XO outlined a probable trading range for the week, framed by Monday’s high and low.
Key zones include supply resistance at $82,500 and a strong demand range between $73,000–$74,000.
He also pointed out a major weekly pivot level at $80,600 that could serve as both support and resistance depending on upcoming price action.
XO is focused on short-term trades, looking for long setups near Monday’s low and short opportunities if price approaches or exceeds Monday’s high — where sellers may begin to step in.
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