Bitcoin

Key insight

78,581 consolidates above 200-day MA at 77,200; break above 200-week MA zone at 81,000 opens path to 85,000. Gold at 4,485 and a weakening dollar amplify the bid.

78,581 holds above the 200-day MA near 77,200 as Gold surges 2.2% and USD/JPY drops 1.9% — dual macro tailwinds confirm risk-on rotation into hard assets including BTC.

Main risk

Macro risk-off reversal

S&P 500 at 7,692 near highs — any equity selloff strips BTC's macro bid fast; 200-day MA at 77,200 becomes key line.